The price of September futures for Brent crude oil rose by 5.31 percent from the previous close to $78.1 per barrel.
August futures for WTI crude oil rose by 5.37 percent to $74.22 per barrel.
Economy
Brent crude oil price exceeds $78 per barrel
Global oil prices have risen significantly, with Brent crude exceeding $78 per barrel for the first time since June 23.
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Brent price was below $78 per barrel
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Brent price exceeded $78 per barrel
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