Oil prices rise

Oil prices rose on Tuesday morning amid concerns over a shortage of fuel, Report informs, citing ICE London Stock Exchange.

August futures price for Brent crude oil increased by 0.97% or $ 1.11 to $ 115.24 per barrel and for WTI oil by $ 2.01 to $ 114.13.

At the New York Mercantile Exchange (NYMEX), the price of August futures for WTI oil rose by 2.01% or $ 2.17 to $ 110.16 per barrel.