Oil prices surged today, poised for a weekly increase, driven by data from the US and China indicating heightened demand. Additionally, ongoing uncertainty surrounding the Gaza conflict lent support to prices.

The Brent Crude Oil futures was up by 0.69 percent to trade at 84 dollar and 46 cents, whereas West Texas Intermediate was higher by 0.81 percent at 79 dollar and 90 cents, when the reports last came in.