Price of Brent crude oil rebounds

Oil prices on the global market have increased against the backdrop of rising tensions in the Middle East.

Brent futures for September delivery rose by $0.32 (0.39%) to $81.45 per barrel on the London-based ICE Futures exchange, according to Report, which cites Interfax.

Similarly, WTI futures for September delivery grew by $0.26 (0.34%) to $77.42 per barrel during electronic trading on the New York Mercantile Exchange (NYMEX).

Meanwhile, at the end of last week, the prices of Brent oil fell by 1.8% and WTI oil declined by 1.9%.