Oil prices rose by 1.14%-1.37%
As of 7 April 2022, 08:30 (UTC+3), Brent Crude futures for May settlement were trading 1.37% higher at $102.45 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for May delivery on the New York Mercantile Exchange rose by 1.14% to $97.41 a barrel.
Crude oil prices are increasing by over 1% on concerns over supply reduction in the market.