The price of British crude oil rose by 31 cents per barrel to settle at $85.80 per barrel in today's trade.
Moscow: The prices of crude oil prices have risen to record high in the global market.
According to the foreign media, the increase in crude oil prices on Wednesday is due to the decrease in fuel reserves in United States and possible sea turtles in the Gulf States.
According to the report, the price of British crude oil rose by 31 cents per barrel to settle at $85.80 per barrel in today's trade.
On the other hand, US West Texas Intermediate crude futures rose 38 cents, or 0.47 percent, to $81.54. Both benchmarks gained more than a dollar a barrel on Tuesday.
The report cited data from the American Petroleum Institute as saying that US crude oil stocks fell by about 11.5 million barrels in the week ending August 25.
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