After declining during three consecutive sessions, the oil price has risen by about 1%.
Report informs that the Brent crude price went up 1.6% to $103.34 a barrel, and the WTI crude oil grew by 0.94% to $99.48.
The main reason for the decline in several consecutive sessions is the possibility of a decrease in demand for oil due to the increase in coronavirus infection in China, the world's largest oil importer.