Brent oil rose in price

Oil prices are rising moderately on Monday morning as investors continue to assess the situation in the Middle East.

This was reported by "Interfax."

The price of May Brent futures on the London ICE Futures exchange as of 09:12 Baku time is rising by $0.48 (0.43%) to $112.67 per barrel. Last Friday, this contract gained $3.54 (3.26%) to $112.19 per barrel, reaching a new high since July 2022.

May WTI oil futures on the New York Mercantile Exchange (NYMEX) electronic trading rose by that time by $0.56 (0.57%) to $98.79 per barrel. At the close of the previous session, the price of these contracts increased by 2.8% to $98.23 per barrel.