Oil prices rise in global commodity markets, APA-Economics reports.
WTI crude oil June futures on the NYMEX increased by 0.33 USD, or 0.34%, reaching 96.18 USD per barrel.
On the ICE exchange, the price of Brent crude oil June futures rose by 0.56 USD, or 0.53%, to 105.63 USD per barrel.
The increase is mainly attributed to ongoing geopolitical tensions in the market and concerns over supply risks.