Such a picture was seen on Thursday (October 10). Essentially, oil demand increased after the hurricane in the United States. Moreover, the supply crisis in the Middle East is also under consideration.
On this day, the price of Brent crude oil rose by 1.01 dollars or 1.3 percent to 77.59 dollars per barrel. On the other hand, the price of West Texas Intermediate increased by one dollar or 1.4 percent to 74.24 dollars.
It is known that Cyclone Milton has hit the US state of Florida. A quarter of the gas stations there have run out of petrol.
Moreover, after 180 missile attacks from Iran to Israel, the price of fuel oil increased in the world market. Because Israel can launch a retaliatory attack on Iran’s oil facilities at any time. Fears of an Israeli attack are causing concern among investors.
Earlier, Israeli Defense Minister Yav Galant threatened to attack Iran.
Iran attacked Israel on November 1. After that, Tel Aviv is also threatening to counterattack. However, Iran has said that it is ready to respond to any attack. In such a situation, there is extreme tension in the Middle East.
