Oil prices rose sharply: Brent approaches $90, WTI exceeds $85
Oil prices on the global market continue to rise rapidly. According to the publication Financial Times, American crude oil of the WTI у United States exceeded the mark 85 USD per barrel.
Brent almost reached $90 per barrel
International reference variety Brent is also showing a sharp increase. Its value has risen by about 4,5%, reaching the level of 89 USD per barrel.
At the same time, the American reference variety WTI has risen in price even more - by about 5,4%, exceeding the mark 85 USD per barrel.
Reasons for the price increase
Analysts attribute the rise in oil prices to rising geopolitical tensions, which creates risks for global energy supply chains.
Any disruptions in oil transportation or threats to key sea routes can quickly affect the balance of supply and demand on the global market.
Markets react to geopolitics
Financial markets are closely monitoring developments in the Middle East, as the region plays a key role in global oil production.
Experts note that further deterioration of the situation could lead to new fluctuations in energy prices.
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