The sustained stabilization of prices above the psychological threshold of 100 dollars per barrel – the highest level since May – is becoming a source of serious economic pressure and is straining the budgets of the average driver. This price increase is a direct consequence of the escalation in the Middle East, according to media reports.
Market dynamics for Brent crude, extracted in the North Sea and serving as a benchmark in Europe, saw a 0.55 percent price increase to 108.22 dollars per barrel during Asian trading sessions. This stock market activity follows yesterday's sharp jump of 6.34 percent, triggered by incidents involving attacks on ships in the Persian Gulf.
In parallel, the North American WTI also recorded an increase, reaching 103.07 dollars per barrel. This represents a 0.58 percent rise compared to the previous session, during which this type of oil saw a significant gain of 6.7 percent.