Crude Oil Prices Continue to Rise High in London for the First Time in Four Months January 2nd at 21:00
International oil prices have continued to rise at the start of the week following tensions in the Middle East and growing concerns over the supply of oil, and the London market temporarily rose to a four-month high for the time being. .
There are concerns that the U.S. will kill Iran's elite commander and that Iran is poised to retaliate, which could affect supplies in the oil market from the Middle East, where the world's largest oilfield is located. It is growing.
As a result, crude oil prices have been rising earlier this week, and the price of North Sea crude oil traded on the London market has temporarily risen to the $ 70 level per barrel since September last year.
This is about 3% above last weekend, more than 6% higher than before the United States killed the Iranian commander.
In addition, WTI futures prices in the New York market temporarily rose to the $ 64 level per barrel due to after-hours trading, the highest since last April.
According to market sources, `` International oil prices are likely to remain high for the time being due to the tensions in the Middle East, and oil prices will rise sharply in the event of an emergency around the Strait of Hormuz, an important oil transportation route I guess. "