High Price of Oil Due to Tensions in the Middle East
9 Articles
9 Articles
Brent above $91 brings back energy headache - What the new rally means for businesses and households
The North Sea Brent barrel price, for delivery in October, won 0.17 percent and remains above the symbol threshold of $90, at $91.02. Its US equivalent, the West Texas Intermediate barrel (WTI), for delivery in September, advanced 0.52 percent, to $84.94.
The price of oil is rising this morning. The Wti with delivery to September 85.59 dollars per barrel, rising by 0.77% while the Brent with delivery to October to 91.63 dollars in progress of 0.67%. (ANSA). (ANSA)
Brent crude oil rose, gaining value due to supply concerns in the Middle East. Brent is trading around $94, while WTI is around $88.5. The current market situation keeps the fragility of supply chains on the agenda. Oil prices surged on concerns about supply disruptions in the Middle East. Brent futures contracts for October delivery rose $2.51 to $94.10, while WTI futures for September delivery rose $2.66 to $88.49 as of 12:20 GMT. Thus, both B…
The uncertainty around the Strait of Ormuz once again put pressure on the international energy market, mainly on oil prices; could it affect the cost of gasoline in Mexico? For our country, the movement is relevant because international quotes are part of the variables that end up influencing the fuel market. However, the final price also involves taxes, fiscal stimuli, exchange rate, logistics costs and strategies implemented by the Federal Gov…
On the London market, a barrel was trading at a price of 54 cents higher than yesterday's closing price of $91.56 on Wednesday just before noon.
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