Oil prices rose by 0.41%-0.42%
As of 1 February 2022, 08:00 (UTC+3), Brent Crude futures for April settlement were trading 0.41% higher at $88.63 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 0.42% to $88.53 a barrel.
Crude oil prices are increasing in expectation of OPEC+ meeting on output.