Oil prices are rising Wednesday morning amid latest news from the Middle East, reversing losses from the previous day. Oil prices had fallen Tuesday due to agreements between Iran and Israel to stop attacks on each other.

On the ICE Futures stock exchange in London, the price of August Brent crude oil futures is $91.84 per barrel, which is $0.39 (0.43%) higher than the previous close. On Tuesday, they had dropped $2.80 (2.97%) to $91.45 per barrel.

July WTI crude oil futures on the New York Mercantile Exchange (NYMEX) rose $0.40 (0.45%) to $88.60 a barrel in online trading. In the previous session on Tuesday, they had fallen $3.10 (3.40%) to $88.20 a barrel.