Oil prices rose by 1.06%-1.17%
As of 31 January 2022, 07:53 (UTC+3), Brent Crude futures for April settlement were trading 1.06% higher at $89.47 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange rose by 1.17% to $87.83 a barrel.
Crude oil prices are increasing in expectation of OPEC+ meeting.