Oil prices increase for first time since Monday

Source: Bloomberg
© Scanpix/Reuters
West Texas Intermediate oil gains in price on Wednesday, showing the first rise since Monday. Analysts evaluate the Obama administration's possible decision to ease rules for exporting the American oil from the country. Futures with an August delivery added 1.4% to $107.50 per barrel. Prices for the Brent type oil, however, declined slightly and trade at $114.27 per barrel.

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