Tokyo – Oil prices rose slightly during Thursday’s trading, after the decline recorded in the previous session, as markets monitor international developments and their potential impact on global energy flows.
Brent crude rose by about twenty-one cents, or approximately one-third of a percent, to reach sixty-three dollars and seventy-two cents a barrel.
U.S. West Texas Intermediate crude also climbed twenty-four cents, or about four-tenths of a percent, to reach fifty-nine dollars and sixty-eight cents a barrel.
This increase came after both benchmarks fell by nearly two percent in yesterday’s session, amid market anticipation of developments related to sanctions and deadlines concerning transactions in the Russian energy sector, and their potential effects on global supplies.
Markets continue to monitor geopolitical developments and international regulatory measures for their direct role in determining price trends in the near term.