Brent price reaches $87.8 per barrel

Benchmark oil prices rose on Tuesday morning, recovering after falling to three-week lows the previous day, Report informs via Interfax.

The price of December futures for Brent on the London ICE Futures exchange amounted to $87.81 per barrel, which is $0.36 (0.41%) higher than the closing price of the previous session.

Quotes of WTI oil futures for December in electronic trading on the New York Mercantile Exchange (NYMEX) increased by $0.47 (0.57%) and amounted to $82.78 per barrel.

The absence of global supply disruptions, as well as signs of some decline in oil demand in Asia, facilitated the decline in oil prices, senior analyst at Price Futures Group Phil Flynn said. He added that the deficit in the global oil market remains.