Oil prices rise more than half a percent, Brent crude trades at 85 dollars and 42 cents per barrel

Oil prices yesterday rose more than half a percent and are set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia will extend voluntary output cuts into September and tighten global



supply.

 

In intra-day trade, Brent crude was trading at 85 dollars and 42 cents per barrel. West Texas Intermediate crude price was at 81 dollars and 18 cents per barrel.