The price of oil rose
According to Webangah News quoted by Mehr Reporter The price of Brent oil futures, which is close to the January contract, with $1.31 or 1. 80% increase to $74.12 per barrel.
Oil Crude West U.S. Texas Intermediate rose $1.35, or another 1.95 percent, to $70.61 a barrel after rising 0.95 percent.
Axios on Thursday, citing two anonymous Israeli sources, claimed that Israeli intelligence showed It suggests that Iran is preparing to attack Israel from Iraqi soil in the coming days, possibly before the US presidential election on November 5.
Report Axios added Expected This attack will be carried out from Iraq using a large number of drones and ballistic missiles.
Tony Sycamore, oil market analyst with hint “Despite all the growth, all bets are off for now,” he said of major events in the US. I think it depends on who wins the US election and what fiscal stimulus news comes out of the US and China.”
In China, manufacturing activity grew in October, a private sector survey showed on Friday, which “>confirmed is an official survey on Thursday that shows manufacturing activities in October for the first time in The last six months has increased.
U.S. gasoline inventories fell unexpectedly last week to a two-year low, the U.S. Energy Information Administration (EIA) said on Wednesday. Meanwhile, with the decrease in imports, American crude oil reserves also had an unexpected decrease.
The US, the world’s largest oil producer, in August with monthly production, the Energy Information Administration said. It has set a record of 13.4 million barrels per day.
