Oil is rising on Thursday.

Oil prices in Asian trade on Thursday, rising at the end of March in positive territory due to hopes for renewal of agreements on the limitation of oil production and strengthening of geopolitical tensions. The price of may futures for Brent oil at the London ICE Futures exchange to 8:15 GMT 29 March increased by $0.38 (0.55%) - to $69.91 per barrel. Trading under this contract ends on March 29, a more active June futures rose 0.3% to $68.97 per barrel.