Oil prices have increased on global commodity markets, APA-Economics reports.
December futures for Brent crude oil rose by $1.27, or 1.11%, to $116.15 per barrel.
Meanwhile, December futures for US West Texas Intermediate (WTI) crude oil increased by $1.07, or 1.05%, to $103.07 per barrel.
The rise in oil prices comes amid ongoing geopolitical tensions in the Middle East and concerns over possible disruptions to energy supplies from the region.