Rising oil prices accelerated up to 3-4% after a sharp collapse the previous day, RIA Novosti reported.

As of this morning, the price of August futures for North Sea Brent crude oil mix rose by 4.35% - to 62.56 dollars per barrel, the price of July futures for WTI - by 3.54% to 52.95 dollars per barrel.

On Wednesday, the decline of both brands reached 4%.