REUTERS
Oil prices have been rising since the opening of trades on Wednesday, Gazeta.ru reported referring to the trade data, with Brent crude oil futures for December delivery rising 3.42% to $50.44 per barrel on London-based ICE Futures.
WTI crude oil December futures rose 3.69% to $47.84 per barrel on the New York Mercantile Exchange.
As UNIAN reported earlier, the price of oil started to recover on October 22 after reaching a three-week low against a weaker dollar.
Meanwhile, analysts expect continuation of a downward trend in the world oil markets.