The price of a Brent barrel for delivery in September closed at $78.31 dollars yesterday in London, after closing at $76.52 dollars the previous day.
Oil also closed higher, with WTI advancing over 2.0 percent in the return of electronic trading during the U.S. holiday on Tuesday, the 4th.
Investors followed news about the seminar of the Organization of the Petroleum Exporting Countries and allies (OPEC+), in which the cartel reaffirmed its commitment to support the energy market, and the release of the Federal Reserve’s interest rate hike.
The WTI contract for August closed up 2.87 percent ($2.00), at $71.79 dollars per barrel, resuming trading on the physical market of the New York Mercantile Exchange (Nymex) after operating solely in electronic trading yesterday July 9th .
On the Intercontinental Exchange (ICE), the Brent for September closed up 0.52 percent ($0.40), at $76.65 dollars per barrel.
