Oil prices rise on Wednesday

emirates7 - Oil prices rose on ​Wednesday morning, with Brent futures gaining 72 cents, or 0.81 percent, to $89.63 a barrel by 0053 GMT.

US West Texas Intermediate (WTI) crude climbed 71 ​cents, or 0.85 percent, to $83.91.

Both benchmark contracts settled more than $1 higher on Tuesday, marking their ​highest closes since 31st July and extending gains after jumping about 5 percent on Monday.