Crude oil market sees upward price correction

Oil prices rose by 0.66%-0.82%

As of November 16, 08:03 (UTC+3), Brent Crude futures for January settlement were trading 0.82% higher at $82.72 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for January delivery on the New York Mercantile Exchange rose by 0.66% to $80.28 a barrel.

Crude oil prices are recovering after a decrease.