Baku:Oil prices rose on Wednesday as traders evaluated the risks to supply posed by regional conflict, alongside anticipations of increased Russian diesel exports. Brent crude futures increased by 89 cents, or 0.8%, reaching $106.58 per barrel, while US West Texas Intermediate crude futures gained 80 cents, or 0.9%, to $94.94.

According to Qatar News Agency, the changes in oil prices were influenced by the volatile conditions in the region, which traders are closely monitoring for potential impacts on supply.

On the previous day, Brent crude experienced a 0.9% decline, while WTI saw a rise of 0.4%.