Price of Brent oil on rise

Oil prices rose after reports of a decline in US inventories, Report informs with reference to Interfax.

The July futures price of Brent oil on London's ICE Futures exchange was $83.97 per barrel, which is 0.64% higher than the final price of the previous session.

The June futures of WTI brand oil rose by 0.65% to $79.51 per barrel on the New York Mercantile Exchange.