World oil prices up

The world oil prices are rising due to an increase of 1.75-2% of the base interest rates by the U.S. Federal Reserve, reports RIA Novosti.

According to the source, the price for August Futures Brent oil grew by 1.2% to stand at $76,78 a barrel.

The price for July Futures WTI oil increased by 0.63%, amounting to $66,78 per barrel.

To note, one barrel equals 158,988 liters.