Energy prices, which began the week with declines on Monday, moved higher later in the session.

Brent crude futures rose 0.2% to above $110 per barrel as of 1800 GMT, while West Texas Intermediate (WTI) prices increased 2% to $103.5 per barrel, The Caspian Post reports, citing Anadolu Agency.

Brent crude prices reached their highest level since mid-May.

European Union gas prices also climbed 1% to €88.5 per megawatt-hour.

Meanwhile, heating oil prices edged up 0.1% to $4.9 per gallon.