In London, the price of a barrel of North Sea Brent for delivery in June rose 0.79%, to $90.45. It reached $92.18 during the session, for the first time since the end of October.
On the other hand, in New York, the price of a barrel of West Texas Intermediate (WTI) for May-May had an advance of 0.75%, reaching $85.66.
“The market is concerned that a retaliatory attack by Iran (against Israel) will lead to escalating conflict in the region and affect oil supplies,” said Andy Lipow of consultancy Lipow Oil Associates.
The Islamic Republic has vowed to respond to the April 1 attack that destroyed an annex of its embassy in Damascus, Syria, and left several dead, including two generals of the Quds Force, a paramilitary cell of the Guardian Corps. the Islamic Revolution (IRGC), which operates outside Iranian borders. The attack was attributed to Israel.
Source: With information from AFP.
