Global oil prices are rising Monday morning due to a number of supply and demand factors, trading data show.

Price of November futures on Brent crude oil rose by 0.58%, to $91.88 per barrel, while November futures on WTI oil rose by 0.4%, to $85.06.

Oil prices are rising Monday morning as markets assess factors affecting supply and demand for the commodity. Thus, the easing of coronavirus restrictions in the largest oil importer, China, positively affects oil demand.

At the same time, investors continue to assess the prospects of reduction in the supply of "black gold" against the background of the forthcoming introduction of the EU embargo on imports of oil and oil products from Russia.