Brent oil rises 1.22% to $93.97

By: MRT Desk

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The price of a barrel of Brent oil for delivery in November ended this Monday in the London futures market at 93.97 dollars, 1.22% more than at the end of the previous session.

North Sea crude, a benchmark in Europe, ended the day on the International Exchange Futures with an increase of 1.13 dollars compared to the last trade, when it closed at 92.84 dollars.

After falling last week to pre-war levels in Ukraine, the price of Brent has rebounded again in recent sessions.

Diminished prospects for Iranian to return to the market in the short term, together with a drop in gas prices, reducing fears of a global recession and a slowdown in oil demand, contributed to raising the price of Brent, according to the analysts.

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