The global oil market has seen an uptick in prices for Brent crude and WTI crude. On the ICE Futures Europe exchange, the price of the November 2026 contract for Brent crude rose by 2.5% to $106.93 per barrel.
On the New York Mercantile Exchange (NYMEX), the price of WTI crude oil for November 2026 delivery also increased by 1.8% to $94.07 per barrel.
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