Market participants raised their risk premium on oil prices in anticipation of more details about events in Iran.
Oil prices significantly accelerated their growth on fears of escalating tensions in the Middle East amid the assassination of Hamas leader Ismail Haniyeh. This was confirmed by the trading results on Wednesday, July 31.
Thus, September futures for Brent rose in price on the London ICE Futures exchange by $2.13 (2.71%), to $80.76 per barrel. Actively traded October contracts rose in price during trading by $2.11 (2.7%) to $80.18 per barrel.
September futures for WTI are currently up in price on the NYMEX exchange by $2.51 (3.36%) to $77.24 per barrel.
Both brands fell in price by 1.4% on the eve and updated their minimums since June 5.
As reported, Hamas leader Ismail Haniyeh was killed on the morning of July 31 in Tehran, where he had arrived for the inauguration of the new Iranian President Masoud Pezeshkian. Iran blamed the attack on Israel and vowed retaliation.
Source: korrespondent
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