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Oil prices rise, Brent surpasses $89
Brent is priced above $89, while WTI sees an increase.
Oil prices continue to climb, with Brent currently trading above $89 per barrel. According to ANSA, Brent reached $83.92 with a rise of 0.44%.
Meanwhile, WTI is priced at $78.41, up 0.29%, and closed at $82.70 in New York, gaining over 5%. Uncertainties regarding the reopening of the Strait of Hormuz have been cited as a factor influencing the market.