Oil prices rise with growing demand faster than the supply.
Brent crude oil futures of September delivery,climbed 28 cents, or 0.4 percent, to set the settlement price at $76.33 per barrel. While October Brent crude oil futures closed up 31 cents at $75.41 per barrel.
The West Texas Intermediate Crude Oil Futures Contract also increased 33 cents, or 0.5 percent, to reach at $73.95 per barrel.