Brent crude oil trades near $48 a barrel

Oil prices have been rising since the opening of trades on Monday, with Brent crude oil futures for December delivery rising 0.86% to $47.83 per barrel on London-based ICE Futures, according to the trading data.

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WTI crude oil December futures rose 0.88% to $44.68 per barrel on the New York Mercantile Exchange.

As UNIAN reported earlier, the price of oil started recovering 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.

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