Oil prices continued their soaring on Tuesday.

Brent North Sea oil cost more than $ 80 a barrel for the first time in about three years (159 liter barrel), while American West Texas Intermediate (WTI) crude was quoted above the $ 76 mark.

Oil prices are driven by strong demand and scarce supply.

The prices are supported by the solid economic recovery in many countries from the Corona slump and the more relaxed Corona situation in many places.

In addition, there is a supply shortage emanating from the United States.

In addition, the rise in natural gas prices has sparked fears that the rally in the gas market could spill over into the oil market.