The price of oil is rising

16.10 10:34 | Category Economics

The price of oil is increasing after the 4 percent decrease the day before.

The price of December Brent futures on London's ICE Futures Exchange was $74.52 per barrel, which is $0.27 (0.36%) higher than at the close of the previous auctions. On Tuesday, those contracts were down $3.21 (4.1 percent) to $74.25 a barrel.

WTI November futures in electronic auctions of the New York Mercantile Exchange (NYMEX) rose by $0.3 (0.43 percent) to $70.88 per barrel. According to the results of previous auctions, the price of these contracts dropped by $3.25 (4.4 percent) to $70.58 per barrel.

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