Crude oil prices rose by 0.55%-0.58%
As of 6 May 2022, 08:35 (UTC+3), Brent Crude futures for July settlement were trading 0.58% higher at $111.54 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 0.55% to $108.56 a barrel.
Crude oil futures are rising as investors are expecting the commodity deficit due to the OPEC+ decision and EC head statement.
