Brent crude rises to $105.57 per barrel

Oil prices recovered moderately on Thursday morning after a sharp decline on Wednesday, Report informs referring to trading data.

July Brent crude futures rose 0.52% to $105.57 per barrel on London's ICE Futures Exchange.

July WTI futures rose 0.64% to $98.89 per barrel in electronic trading on the New York Mercantile Exchange (NYMEX).

Oil prices fell the day before following statements by US President Donald Trump that the war with Iran would end very quickly and that Tehran was eager to reach a deal.