Crude oil futures start rising
Crude oil prices rose by 1.1%-1.23%
As of 4 May 2022, 08:59 (UTC+3), Brent Crude futures for June settlement were trading 1.1% higher at $106.12 a barrel on the London-based ICE Futures Europe Exchange.
Light Sweet Crude (WTI) futures for June delivery on the New York Mercantile Exchange rose by 1.23% to $103.67 a barrel.
Crude oil futures rise as reduction of supply is expected due to Russian oil embargo.
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