The price of Texas intermediate oil (WTI) closed yesterday Monday with a rise of 4,19%, $80,06 per barrel, due to the threat of an Iranian attack on Israel following the increase in tensions in the Middle East and with the Pentagon sending military reinforcements to the region.
At the close of trading on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in September totaled $3,22 compared to the close of the previous session.
The Secretary of Defense, Lloyd Austin, ordered the sending of F-35 fighter jets and a guided missile submarine to the Middle East, while the Jewish State has put its army on high alert in the event of a hypothetical attack by the nation. Persian.
Israel has been preparing for attacks from Iran and the Lebanese Shiite terrorist group Hezbollah for almost two weeks, after the death of Ismail Haniyeh, leader of the Hamas political office, in Tehran on July 31, attributed by the Iranian authorities to the Executive of Benjamin Netanyahu ; as well as that of Fuad Shukr, military chief of Hezbollah himself, in Beirut (Lebanon) a day before.
US crude oil is thus trading higher despite the fact that OPEC lowered its forecast for global demand growth by 135.000 barrels per day due to the weakening of consumption in China.
“Oil markets reacted strongly to rising geopolitical risk, even as OPEC has shown some concern about its demand growth,” Phil Flynn, senior analyst at Price Futures Group, told CNBC.
In other markets, natural gas contracts for delivery in September closed at $2,01 per thousand cubic feet, and gasoline contracts expiring in the same period at $2,32 per gallon. Aurora and EFE
Texas oil rises 4,19% spurred by threat of Iranian attack on Israel
Oil tanker Photo illustration: Gerhard Traschütz via Pixabay