The price of a barrel of Brent crude oil exceeded $80, while WTI rose 4.25% on the day.
International prices of Petroleum rose sharply on Wednesday, amid a drop in U.S. crude stocks and rising tensions in Middle East after the assassination of the leader of Hamasattributed to Israel.
In Londonthe price of a barrel of crude oil Brent North Sea crude oil for delivery in September, whose last trading day was this Wednesday, rose 2.65%, surpassing the $80 mark, reaching $80.72.
For its part, in NYthe barrel of West Texas Intermediate (WTI) —its US equivalent— for delivery that same month, increased 4.25% to reach $77.91.
After weakening for several days due to the gloomy outlook for economic growth in Chinaprices began to rise significantly at the start of the session due to rising geopolitical tensions in the Middle East.
Oil prices accelerated their rise after the announcement on Wednesday of a new reduction in crude oil stocks in USA —the fifth in a row— during the week ending July 26, with a drop of 3.4 million barrels, exceeding the market forecast of 1.10 million.
Concerns about a regional conflict following the death of Ismail Haniyeh
He leader of Hamas, Ismail Haniyehdied in the last hours in Tehran (Iran) in a bombing blamed on Israel by both the Palestinian Islamist movement and Iran, which have sworn revenge, fueling fears that the war in Loop spread in the region.
The Iranian supreme leader, the ayatollah Ali Khameneipromised a “harsh punishment” to Israel, and said that Tehran considers it its “duty to seek revenge.” new iranian president, Masud Pezeshkiansaid in a statement that “the Zionists will soon see the consequences of their terrorist and cowardly act.” Israel’s policies “have reached a dead end,” the president added.
Israel declined to comment on the bombing, which came after the Israeli military shelled a suburb of the capital Lebanon on Tuesday and killed the Hezbollah military commander Fuad Shukr.
Source: Ambito
