Crude oil prices continue to rise.

On Monday, the price for a barrel of Brent oil even exceeded 70 dollars (58 euros), the highest point in more than a year.

The price for a barrel of West Texas Intermediate (WTI) reached its highest point in more than two years.

Fuel prices have also been rising for some time now.

With the outbreak of the corona crisis, crude oil prices fell very quickly.

In April, the price for a barrel of Brent oil even fluctuated around 20 dollars (almost 17 euros) per barrel.

This was partly due to a sharply reduced demand for oil, because there was less travel and less commuting.

Prices have been rising again since the autumn.

At the time, this was partly prompted by favorable reports about corona vaccines.

In December, for example, the price for a barrel of Brent oil rose above 50 dollars (42 euros) per barrel for the first time in a long time.

Since then, prices have only gone up further.

On Sunday, there was also a drone attack by Yemeni rebels on various oil installations in Saudi Arabia, which may cause additional scarcity in the oil market.

It is already the second attack this month.

Partly because of this, a barrel of Brent oil touched the price of 71.38 dollars (59.97 euros) on Monday morning, the highest point since January 8, 2020. For a barrel of American WTI oil, 67.69 (almost 57 euros) dollars was paid, which the highest amount is since October 2018.

Fuel prices have also been rising for several months

Rising oil prices also affect the prices that motorists pay at the pump.

The average national recommended prices of petrol and diesel have been increasing for several months.

However, fuel prices are not only determined by the price of crude oil.

The pricing policy of oil companies and petrol station owners also plays a role.

In addition, a lot of tax is levied on fuel.