Morning oil prices are on the rise, continuing the upward trend seen in the previous month. Traders are analyzing data on US inventories, which is influencing market sentiments. Brent crude oil futures on London’s ICE Futures Exchange have increased by $0.15 (0.17%), currently standing at $88.17 per barrel, surpassing the closing indicator of the previous rally. Conversely, on Wednesday, these contracts experienced a decline of $0.4 (0.5%), reaching $88.02 per barrel. Meanwhile, June futures for WTI crude oil on the New York Mercantile Exchange (NYMEX) have witnessed an increase of $0.13 (0.16%) and are now valued at $82.94 per barrel. In the previous rally, the value of these contracts had decreased by $0.55 (0.7%) to $82.81 per barrel.