Oil continues to rise in the world market
“APA-Economics” reports that the price of November futures for Brent crude oil increased by $0.48 or 0.50%, reaching $96 per barrel.
The price of October futures for WTI crude oil rose by $0.73 or 0.80%, reaching $92.03.
In total, Brent has risen by approximately 7.1% this week, while WTI has increased by 9.8%, with both benchmarks heading for their highest weekly gains since mid-July.
It should be noted that the rise in oil prices is attributed to increasing tensions between the US and Iran and growing concerns regarding supplies through the Strait of Hormuz.
Oil prices in world markets reach $96
