On Friday morning, oil prices are rising moderately after a decline the previous day, as traders continue to monitor the situation in the Middle East.
As of 8:11 AM Moscow time, September futures for Brent crude oil are trading at $76.61 per barrel on the London ICE Futures exchange, which is up $0.31 (0.41%) from the previous auction's closing level. On Thursday, they had fallen by $1.72 (2.2%) to $76.30 per barrel.
On the New York Mercantile Exchange (NYMEX), August futures for WTI crude oil have increased by $0.32 (0.44%) to $72.40 per barrel at this time. Previously, their value had decreased by $1.44 (2%) to $72.08 per barrel.
Brent contracts could finish the week with an increase of about 6%, while WTI contracts may rise by about 5%, according to Reuters.
