Dubai: UAE petrol and diesel prices are most likely to rise again in November as Brent crude climbs above $116 a barrel. Prices have been oscillating during the last week of October, when prices did retreat at the start of the week, but quickly climbed at up breaching the crucial $116 per barrel mark. The quick spike will be important ahead of the country's monthly fuel-price review.Brent, the international oil benchmark, gained over 1.05 per cent to $116.1 a barrel on Friday, while US West Texas Intermediate (WTI) gained 1.18 per cent to $103.2.AdChoicesADVERTISINGOil prices started climbing again as signs grew that the US could resume military strikes on Iran, raising the risk of fresh instability in a region central to energy supplies. December Brent futures, which expire later Friday, rose toward $117 a barrel. The more heavily traded January contract traded above $112. The benchmark has risen from below $97 at the beginning of October.The increase raises the possibility of higher UAE fuel prices in November, although the final adjustment will depend on international crude and refined-product prices over the monthly pricing period.
