Oil rises slightly in anticipation of supply cuts

World oil prices rose slightly on Wednesday morning amid news of a possible crude supply reduction, Report informs.

The price of November futures for Brent crude increased by 0.18% to $90.78 per barrel, and November futures for WTI went up by 0.13% to $84.05.

On Wednesday morning, markets are evaluating the prospects for reducing oil supplies. Thus, investors are still worried about the upcoming EU embargo on Russian oil, which is scheduled for the end of the year.