Global markets witness rise in oil prices

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Oil prices have surged in the global markets.

On the London InterContinental Exchange Futures (ICE), Brent crude oil rose by $0.31, reaching a trading value of $79.01. Simultaneously, the price of Light crude oil at the New York Mercantile Exchange (NYMEX) increased by $0.25, reaching a standing value of $74.07.

Economy