Oil Rises Again with Escalation of Tensions in the Middle East . . Economic Journal
6 Articles
6 Articles
The tensions between Saudi Arabia and Houthis have been escalating and raising concerns about possible interruptions in the supply of oil. This concern has already led to a new price rise, with Brent negotiating for 105 dollars.
Oil prices advanced on Wednesday, after new threats to the Gulf’s energy infrastructure increased concerns about security of supply. Yemen’s Houthis claimed that operations against airports and oil facilities will continue in the coming days, keeping the risk of further interruptions high, while Pakistan and Turkey announced the deployment of troops to support the Saudi Arabian government.
Oil prices stabilized on Wednesday on international markets below $106, balancing between forecasts of weakening demand at the end of the year and escalating tensions in the Middle East.
Brent crude oil is trading at $106.10 per barrel on international futures markets.
Oil and gas prices are soaring as the escalation of hostilities between Saudi Arabia and the Houthi rebels - who are supported by ... The article Brent nears $107, natural gas at 87 euros amid escalating tension in the Middle East was published on NewsIT.
The price of Brent's barrel for delivery in December falls this Tuesday at the close of European markets slightly less than 1% and is quoted at about 106 dollars while tensions remain in the Middle East, following attacks by the Houthi rebels of Yemen against Saudi Arabia. At 6 p.m. Spanish time this Tuesday (16.00 GMT), Brent, Europe's reference crude oil, drops 0.7% in the London futures market, to 105.9 dollars. Brent's price has oscillated t…
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