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Oil prices have risen in global commodity markets.
“Elchi” reports that the price of WTI crude oil on the Nymex exchange for the March contract of this year increased by 0.08% or $0.05 to $62.89/barrel.
On the ICE exchange, the price of Brent crude oil for the April contract of this year increased by 0.34% or $0.23 to $67.75/barrel.
Analysts attribute the increase in prices to supply expectations and demand dynamics in global energy markets.