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Brent oil threatens to exceed $90 per barrel due to tensions in the Middle East

MADRID, 19 Abr.

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Brent oil threatens to exceed $90 per barrel due to tensions in the Middle East

MADRID, 19 Abr. (EUROPA PRESS) -

The price of a barrel of Brent crude oil, the reference for Europe, rose by more than 4% before the markets of the Old Continent opened due to the escalation of tension in the Middle East, momentarily exceeding the threshold of 90 dollars. , although it later cooled its advance slightly above 1%, to just over 88 dollars per barrel.

Specifically, the cost of reference oil for Europe rose to $90.78, 4.2% more than the $87.11 at the close on Thursday, following information about Israel's possible response to Iran in retaliation for the Iranian attack on Saturday.

However, as time went by, the price of a barrel of Brent relaxed its advance to just 1.4% to trade at $88.31 before the opening of stock markets in Europe.

In the case of West Texas Intermediate (WTI) oil, the benchmark for the United States, the price followed a similar pattern, with a strong initial rise of more than 4%, to $86.28, which subsequently diluted to fall below $84.

So far this year, the price of a barrel of Brent crude oil has appreciated more than 14%, while the cost of WTI oil has accumulated an increase of around 17%.

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