The increase in oil prices due to concerns about the escalation of tensions in the Middle East

According to Webangah News quoted by Mehr News Agency According to the Reuters news agency, concerns about the escalation of tensions in the Middle East caused oil prices to once again rise in the global market.

Accordingly, North Sea Brent oil increased by 37 cents in today’s trading of the energy market. It was traded at 79 dollars and 39 cents per barrel. The price of Texas WestIntermediate oil also increased by 36 cents to 75 dollars and 19 cents. reached in each barrel.

On the other hand, the energy market has become very sensitive about the statistical data about the US economy. The decision of the Federal Reserve (the central bank of the United States) to reduce interest rates, which can reduce the cost of borrowing, has increased hopes for the growth of demand for black gold.