The price of December futures for Brent crude oil on the London ICE Futures exchange was $74.86 per barrel.
This is $1.3 (1.77%) higher than at the close of previous trading.
WTI oil futures for November on the electronic trading of the New York Mercantile Exchange (NYMEX) increased in price by $1.35 (1.93%), to $71.18 per barrel.
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