Crude oil prices edge up following previous decline

Prices rose 0.31-0.5%

Brend Crude futures price for August settlement as of 08:55 (UTC+3) June 16 rose 0.31% to $118.88 per barrel, trading data showed.

Light Sweet Crude (WTI) futures rose 0.5% to $115,89 per barrel.

After falling the day before, the market saw oil prices moderate growth on June 16 amid concerns about the supply with steady demand.