Oil Prices Increase as Brent Crude Reaches $103.73 Per Barrel

Abu Dhabi:First paragraph of the news story. According to Emirates News Agency, oil prices experienced an increase during early Asian trading on Wednesday. Brent crude futures rose by $1.14, or 1.11 percent, reaching $103.73 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude saw an increase of 34 cents, or 0.38 percent, to $89.72. Brent crude is on track for a monthly gain of approximately 14 percent, marking its most significant climb since July. In contrast, WTI is set for a 4 percent rise, having breached the $106 mark for the first time since May.