Crude oil prices rise in expectation of demand

Oil prices rose by 0.59%-0.71%

As of November 19, 08:16 (UTC+3), Brent Crude futures for January settlement were trading 0.59% higher at $81.72 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 0.71% to $78.97 a barrel.

Crude oil prices are increasing in expectation of the commodity demand growth caused by cold weather.