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New York and London both witness a rise in oil prices.

West Texas Intermediate (WTI) crude, which operates on the New York futures market (Nymex), advanced 0.69% this morning and was trading at US$ 74.88 a barrel in contracts with delivery in May.

Similarly, Brent oil from the North Sea, which is traded on the London electronic market (ICE), gained 0.23% and a barrel was agreed at US$ 79.45 in the contracts agreed for May, according to with what was reported by the Bloomberg agency.

Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) reported that its crude oil basket closed yesterday at US$77.53 a barrel, compared to US$77.72 the day before, which represented a decrease of 0.24 %.

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