Oil prices slightly increased

Oil prices slightly increased

Oil prices rose slightly after they eased on concerns over rising tensions between the United States and China.

WTI crude futures increased 0.78%, to $33.51 a barrel, at 08:31 MSK, while Brent crude futures were up by $0.26 on London’s ICE to $35.22 a barrel at this time, RIA Novosti reported.

As of 4:52 am, Brent was down 19 cents, or 0.5%, at $34.94 a barrel, WTI was down by 6 cents, or 0.2%, at $33.19 a barrel.

Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the tensions between the United States and China are beginning to weigh on sentiment.

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