Oil continues to rise moderately, Brent is trading at $74.75 per barrel

18.10 10:45 | Category Economics

Benchmark oil prices rose modestly on Friday morning after their first gain in five sessions the previous day.

The price of December Brent futures on London's ICE Futures exchange is $74.75 per barrel, which is $0.3 (0.4%) higher than the previous closing price. Those contracts rose $0.23 (0.3%) to $74.45 a barrel on Thursday.

WTI oil November futures on the New York Mercantile Exchange (NYMEX) rose by $0.36 (0.51%) to $71.03 per barrel in electronic trading. At the end of the last session, the futures price increased by $0.28 (0.4%) to $70.67 per barrel.

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