Oil Prices Jump Over 1%: Brent Crude at 82.87, WTI at 77.78 per Barrel

Oil prices rose more than one percent. In intra-day trade, Brent crude was trading 1.07 percent higher at 82 dollars and 87 cents per barrel, while U.S. West Texas Intermediate crude was also trading up 1.12 percent at 77 dollars and 78 cents per barrel when reports last came in.