Prepare for Higher Pump Prices Again!
22 Articles
22 Articles
Strong US labor market indicators have strengthened the likelihood of the Fed raising interest rates, and stock markets have reacted negatively to this.
Due to tensions between the US and Iran, the price of Brent crude oil rose to $97.72 per barrel. This sharp increase has created expectations of another price hike in fuel.
US-Iranian armed clashes in the Strait of Hormuz are driving up oil prices as market participants anticipate prolonged supply disruptions in the Middle East following the weekend attacks. As a result, Brent crude oil prices were dangerously close to $100 a barrel on Monday morning.
Oil prices of reference marks are rising on Monday morning against the backdrop of another exchange of blows between the US and Iran.
Oil prices rally near six-week highs on Monday (7/9), as attacks on both sides between the US and Iran against ships transiting the Strait of Hormuz and other areas keep crude oil flows from the Middle East low. Against this backdrop, futures futures contracts Brent crude oil rose 0.35% to $96.66 per barrel moving to the highest level since July 24th. At the same time, US crude West Texas Intermediate (WTI) also held close to a six-week high str…
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