Oil Prices Rise by 0.3%

Singapore, June 16 (QNA) – Oil prices rose again on Tuesday as markets awaited developments in global supply.

Brent crude futures increased by 26 cents, or 0.3%, to $83.42 per barrel, while US West Texas Intermediate (WTI) crude rose by 46 cents, or 0.3%, to $81.12 per barrel.

Oil prices had fallen by about 5% on Monday, recording their lowest level since March 4. (QNA)