Abu dhabi: Oil prices rose on Wednesday morning: with Brent futures gaining 72 cents, or 0.81 percent, to $89.63 a barrel by 0053 GMT. US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85 percent, to $83.91.
According to Emirates News Agency, both benchmark contracts settled more than $1 higher on Tuesday, marking their highest closes since 31st July. This rise extends gains after both contracts jumped about 5 percent on Monday.