Oil prices are continuing to rise on Friday. This will be the fourth consecutive monthly increase. The increase came after a number of tanks were reportedly hit mines in the Hormuz Strait, highlighting continued supply risks, while the US-Israel conflict with Iran entered its eighth month.
Raw Brant oil rose $1.20, or 1.04 per cent, reaching $1.08 per barrel, while future Texas crude oil contracts ( WTI) U.S. has increased $1.37, or $1.34 per cent, to $33.37 per barrel, writes Euronews.al.
For the month, Brent was on a good track to finish with nearly 11 per cent higher, while the WTI was heading towards a 14 per cent increase.
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Source Layer: Signal