A new rise in oil prices today.. and the disclosure of the price of a barrel • Al Marsad Newspaper

Al-Marsad newspaper – agencies: Oil prices rose during trading on Wednesday, with investors awaiting the Federal Reserve’s decision later today, with expectations of a significant increase in the interest rate.

Investors expect the Federal Reserve to raise the US interest rate by 75 basis points, the largest increase since 1994, to counter rising inflation.

Brent crude futures for August delivery rose 0.43%, or 52 cents, at $121.69 a barrel, at 09:02 AM ET.

US crude futures for July delivery also rose 0.42%, or 50 cents, to $119.43 a barrel.