Global crude oil prices increase around one percent

Global crude oil prices yesterday rose around one percent. Oil rose for a fourth consecutive session as weak U.S. shale output spurred further concerns about a supply deficit stemming from extended production cuts by Saudi Arabia and



Russia.

 

In intra-day trade, Brent crude was trading at 95 dollars and 10 cents per barrel. West Texas Intermediate crude price was at 92 dollars and 60 cents per barrel when reports last came in.