The price of oil is rising on global markets, APA-Economics reports.
During trading on the ICE Futures Europe exchange in London, the price of the November 2026 contract for Brent crude oil rose by 2.5% to $106.93 per barrel.
On the New York Mercantile Exchange (NYMEX), the price of WTI crude oil for November 2026 delivery also increased by 1.8% to $94.07 per barrel.