Brent Crude Prices Rise to $101.72 as Oil Market Sees Rebound

Oil prices have seen an upward trend in Tuesday's trading session.

As of 09:24, November's Brent crude futures at the ICE Futures Europe exchange increased by $1.38 (1.38%) to reach a price of $101.72 per barrel. This is after they declined by $3.53 (3.40%) in the previous session to $100.34 per barrel.

In parallel, November's WTI crude futures on the New York Mercantile Exchange (NYMEX) also rose by $0.99 (1.07%), reaching a price of $93.36 per barrel as of 09:24. The contract had previously decreased by $3.71 (3.86%) to $92.37 per barrel in the previous session.