Brent and WTI crude post modest gains in global markets

Oil prices registered a modest increase during Friday's trading session, with Brent crude advancing by 29 cents to reach 102.60 dollars per barrel. Meanwhile, US West Texas Intermediate crude increased by 27 cents to settle at 93.14 dollars per barrel. It is worth noting that this upward movement follows significant gains recorded by both Brent and the US benchmark during the previous session's settlement, driven by press reports and news concerning Chinese exports, which triggered concerns over a worsening global fuel shortage.