Increase in crude oil prices in the global market

Crude oil prices increased in the global market.

According to the report of Moqar National newspaper, the increase in crude oil prices has been recorded due to estimates of reduction in US crude oil and petrol reserves.

Brent crude rose 32 cents, or 0.4 percent, to $81.01 a barrel yesterday. Brent oil is trading at around $80 per barrel today.

Dollar becomes cheaper, stock market trend is bullish

U.S. West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.4 percent, at $78.68 a barrel.

Reports indicated that rising tensions in the Middle East are likely to further increase oil prices.