Oil prices increase slightly

Oil prices rose on September 25 after a slight change over last week, Report informs referring to trading data.

The cost of November futures for Brent oil on the London Exchange (ICE) increased by 0.56%, amounting to $93.79 per barrel. WTI oil futures for November in electronic trading on the New York Mercantile Exchange (NYMEX) rose by 0.43% to $90.42 per barrel.

Last week, Brent fell in price by 0.7%, WTI rose in price by 0.01%.

The oil market may end the third quarter with its strongest growth since early 2022, driven by production curbs by Saudi Arabia and improved demand prospects in China and the US.