Brent crude futures rose by 0.7%, reaching $91.08 per barrel, while West Texas Intermediate increased by 1% to $86.60. Concerns about navigation in the Strait of Hormuz and oil supply dominate the market. Meanwhile, OPEC+ has decided to increase its production, but restrictions from Russia on diesel exports complicate the situation.
Oil prices rise amid geopolitical tensions and uncertain supply
This article was updated at 00:35.