The price of Brent oil exceeded $90 per barrel – Kommersant
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The price of Brent oil rose during trading on Friday, October 13, above $90 per barrel. It last traded at this level on October 4th.
December futures for Brent at the close of trading on the London ICE exchange cost $90.8 per barrel (+5.6%). The price of WTI on the New York Mercantile Exchange is $87.72 per barrel (+5.8%).
As noted Reuters, the war between Israel and the Palestinian Hamas movement poses one of the most significant risks to the oil market since the entry of Russian troops into Ukraine. Israel, unlike Russia, is not a major oil producer, but there is a risk that the war will spread to major producers in the Middle East.
About global energy demand – in the material “Kommersant” “Oil overflows through the ceiling”.
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