Oil prices rose by 1.42%-2.12%
As of 16 March 2022, 09:24 (UTC+3), Brent Crude futures for May settlement were trading 1.42% higher at $101.33 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for April delivery on the New York Mercantile Exchange rose by 2.12% to $98.48 a barrel.
Crude oil prices are increasing after a 12-pct fall over the previous couple of days.