Oil prices rise slightly

Oil prices increased on October 3 amid ongoing geopolitical tensions, Report informs.

The price of December futures for Brent crude oil on the London ICE Futures exchange was $74.81 per barrel.

Compared to the close of previous trading, this is $0.91 (1.23%) higher.

WTI oil futures for November on the electronic trading of the New York Mercantile Exchange (NYMEX) rose in price by $0.94 (1.34%), to $71.04 per barrel.

According to experts, oil prices may grow $5 per barrel more in the next few days in case of further escalation of the conflict.