Oil prices have increased by 1.3% as Brent crude reached $83.55 per barrel on Friday, August 8th.
The rise in oil prices was led by Brent crude, which gained $1.06 to settle at its current price of $83.55 a barrel.
In contrast, U.S. West Texas Intermediate (WTI) crude futures rose by 89 cents, or 1.15%, to settle at $78.18 per barrel.
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