Brent Crude Oil Surpasses $85 per Barrel

© изображение сгенерировал ИИ

Oil prices are rising during trading on August 4, following a drop in the previous session, according to data from the London-based ICE Futures exchange.

As of 4:09 a.m. GMT, October futures for Brent crude oil were up 1.49% to $85.02 per barrel. The previous day, Brent had fallen by 7% to $83.77 per barrel, largely due to signs of de-escalation in the Middle East conflict.

Meanwhile, September futures for WTI crude oil were up 1.12% to $81.24 per barrel. In the previous session, the contract had lost 5.1%, falling to $80.34 per barrel.