Brent crude rises above $85

News Department
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The price of Brent crude oil rose above $85 per barrel, Report informs referring to trading data.

The price of September Brent crude oil futures reached $85.41 per barrel.

The price of Brent crude oil subsequently fell to $84.54, representing a 1.49% increase from the previous close. August WTI crude oil futures rose 8% to $77.11 per barrel.

The price rise occurred amid escalating tensions in the Middle East.

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