Oil prices rose by 0.27%-0.35%
On 8 August 2022, 08:28 (UTC+3), Brent Crude futures for October settlement were trading 0.35% higher at $95.25 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for September delivery rose by 0.27% to $89.26 a barrel.
Global oil prices are rising amid increasing geopolitical tensions. Besides, the traders respond to analysts’ announcement of the deficit in the oil market.