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Oil prices Brent They closed yesterday above the 80 dollarsfor the first time in a month and a half, driven due to fears of a israeli attack on Iranian oil facilities.
He North Sea Brent for delivery in December rose sharply 3.69%, to $80.93, a maximum since August, while the West Texas Intermediate (WTI) for November gained 3.71% to $77.14.
“Another great day for oil,” he summarized Phil Flynnof Price Futures Group. The market was guided by a double risk.
The first, a Israeli attack on Iranian fields, and the second the possible effect of the hurricane” Milton in the Gulf of Mexico. For Eurasia Group analysts, “Iranian authorities appear to be preparing” for Israel to attack oil sites.
But there could also be a decline “if nothing happens for several days,” he warns. Lebow, since the momentum is based on the most pessimistic scenario.
Operators are closely monitoring the evolution of Hurricane Milton, which is currently passing through the southern Gulf of Mexico towards Floridain category 5, the highest due to its severity, with winds of more than 280 km/h.
“Companies will probably take precautions before the hurricane passes and that will have an impact on the volumes transported,” he anticipated. Phil Flynn.
The US weather services predict that Milton increase its size.