War in Middle East
Oil prices rise easily – market situation calms down
You can tell, for example, when refueling: the mutual attacks of Israel and Iran drove the oil notes up last week. It looks a little different at the beginning of the new weeks.
The war between Israel and Iran keeps the oil markets in check. Overall, however, the situation calmed down a bit after the clear price jumps on Friday.
On Monday morning, a barrel (159 liters) of the North Sea variety Brent cost $ 74.93 for delivery in August and was therefore 72 more expensive than on Friday. The price for a barrel of the US variety WTI for delivery in July rose by $ 73.87 by 89 cents.
During the night, the Brent Prize initially approached its high on Friday with a good 78 dollars when it jumped up to $ 78.50 up to $ 78.50 due to the attack of Israel’s attack. The WTI price results in a similar picture.
Israel and Iran continue to cover each other with air strikes. According to Stephen Innes from SPI Asset Management that the oil and the stock markets are still not in “panic mode” is also open to the fact that the street of Hormus, an important shipping and oil transport route, is still open. In addition, the United States would not have acted actively.
dpa
Source: Stern
