Oil prices rise, Brent tops US$110 per barrel

Oil prices rose on Thursday, with Brent crude futures climbing 1.2 percent to US$110.11 per barrel, while US West Texas Intermediate (WTI) crude gained 1 percent to US$98.12 per barrel by 00:34 GMT, according to Reuters.

Brent had settled largely unchanged on Wednesday, while WTI had eased 67 cents.