Oil prices are rising moderately on Wednesday morning after a considerable decline Tuesday, as the situation in the Middle East remains in the focus of the market.

Accordingly, Brent crude oil futures for November delivery went up by $0.71 (0.69%) to $103.3 per barrel on the ICE Futures stock exchange in London. On Tuesday, they had fallen by $2.69 (2.6%) to $102.59 per barrel.

And WTI crude oil futures for November delivery rose by $0.22 (0.25%) to $89.6 per barrel in online trading on the New York Mercantile Exchange (NYMEX). During the previous business day, they had dropped by $3.22 (3.5%), reaching $89.38 per barrel.