Oil prices rise after recent fall

Benchmark oil prices increased on October 31 morning, slightly restoring after falling over the past three weeks.

The Brent December futures price on London’s ICE Futures reached $87.81 per barrel, which is $0.36 (0.41 per cent) more than the price in the previous session. The prices decreased by $3.03 (3.4 per cent) to $87.45 per barrel on October 30, according to Interfax.

The WTI December futures price at e-trading on the New York Mercantile Exchange (NYMEX) increased by $0.47 (0.57 per cent) and reached $82.78 per barrel. The prices decreased by $3.23 (3.8 per cent) up to $82.31 per barrel following the last session.