Oil prices are expected to rise sharply after tensions rise in the Middle East, financial analysts quoted the Financial Times this evening as saying. Experts estimate that a price increase of around 10% is expected in the coming days.
This will inevitably affect the prices of gasoline and diesel, which have been lower than normal in recent months. It is possible that gas stations in Europe, including Bulgaria, will come with new prices as early as tomorrow.
Oil surged hours after Iran banned ballistic missiles at Israel in response to its campaign against Tehran’s allies Hezbollah in Lebanon. Prices jumped about 4% on Tuesday. Brent futures were up $2.51 (or 3.5%) at $74.21 a barrel at 8:52 p.m., while US West Texas Intermediate (WTI) crude was up $2.41 (or 3.5%) to $70.58 a barrel.
2024-10-01 20:18:13
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