1. Início
  2. / Oil and Gas
  3. / Concerns About Supply in the Middle East Drive 3% Rise in Oil Prices Per Barrel
Tempo de leitura 2 min de leitura Comentários 0 comentários

Concerns About Supply in the Middle East Drive 3% Rise in Oil Prices Per Barrel

Escrito por Paulo Nogueira
Publicado em 27/10/2023 às 21:35
Preocupação com abastecimento no Oriente Médio impulsiona alta de 3% nos preços do petróleo por barril
22/08/2018. REUTERS/Nick Oxford/Arquivo
Seja o primeiro a reagir!
Reagir ao artigo

Futures Of Brent Were Priced At US$ 90.48 The Barrel, However, It Registered A Decrease Of Approximately 2% Over The Week.

Oil prices have been in the spotlight in recent days due to tensions in Israel and Gaza, raising concerns about global oil supply. On Friday, Brent crude futures rose about 3%, hitting a week’s high, while U.S. West Texas Intermediate (WTI) futures also recorded a 2.8% increase. This is due to fears that tensions between Israel and Gaza could escalate into a wider conflict, affecting oil supply worldwide.

One of the immediate consequences of this rise in tensions was the increase in the Brent Over WTI premium, which reached its highest level since March. This makes it more attractive for energy companies to send ships to the U.S. to collect oil for export. However, throughout the week, both Brent and WTI saw declines of about 2% and 4%, respectively.

Negotiations between the militant group Hamas and Israel, led by Qatar and in coordination with the U.S., have been tumultuous. At the beginning of the session, oil prices rose more than 2 dollars per barrel, after U.S. military forces hit Iranian targets in Syria. However, prices soon turned briefly negative as markets digested reports on the mediation negotiations.

Analysts are closely monitoring headlines on the topic, as they believe tensions in the Middle East could affect oil prices. The uncertainty regarding the future of negotiations and the possibility of a broader conflict continue to influence investors. As a result, many are concerned about running out of cash over the weekend and are taking additional precautions.

As military operations in Gaza intensify, Hamas has conditioned the release of hostages on a ceasefire in the bombing of Israel against the Palestinian enclave. This condition was imposed after a deadly Hamas attack in southern Israel nearly three weeks ago. Several countries, including Arab states, are urging Israel to delay a ground invasion to avoid an increase in civilian casualties and a wider conflict.

The impact of tensions in Israel and Gaza on global oil supply is uncertain. However, investors remain alert to developments and related headlines. Any significant development could have a direct impact on oil prices and future negotiations.

It is important to note that tensions in the Middle East are a factor that always influences oil prices. Investors are constantly monitoring the situation in the region, as any unexpected event can cause price fluctuations. Therefore, it is essential to stay attuned to developments and news related to the topic.

Inscreva-se
Notificar de
guest
0 Comentários
Mais recente
Mais antigos Mais votado
Feedbacks
Visualizar todos comentários
Paulo Nogueira

Eletrotécnica formado em umas das instituições de ensino técnico do país, o Instituto Federal Fluminense - IFF ( Antigo CEFET), atuei diversos anos na áreas de petróleo e gás offshore, energia e construção. Hoje com mais de 8 mil publicações em revistas e blogs online sobre o setor de energia, o foco é prover informações em tempo real do mercado de empregabilidade do Brasil, macro e micro economia e empreendedorismo. Para dúvidas, sugestões e correções, entre em contato no e-mail informe@en.clickpetroleoegas.com.br. Vale lembrar que não aceitamos currículos neste contato.

Compartilhar em aplicativos
0
Adoraríamos sua opnião sobre esse assunto, comente!x