NY. Oil prices rose yesterday for the sixth consecutive session and a barrel of Mexican crude oil exceeded $80, in a market attentive to the situation in the Middle East, where there are fears of a possible direct military conflict between Israel and Iran, which could further restrict the supplies.
The US benchmark West Texas Intermediate (WTI) added 32 cents to $86.91 and Brent rose 52 cents to $91.17. For its part, the Mexican export mix added 52 cents and reached $80.17 per barrel. During the week they recorded gains of more than 4 percent and in all three cases this is a maximum since the end of October.
During the session, the benchmark Brent and WTI indices rose more than a dollar, as markets monitored a possible direct military conflict between Israel and Iran.
Hydrocarbon prices rose this week after Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, vowed to take revenge on Israel for an attack on the Iranian embassy complex in Syria on Monday, in which Iranian soldiers were killed. of high rank. Israel has not claimed responsibility for the incident.
If Iran attacks Israel directly, that has never happened before
. It’s just another domino of geopolitical risk about to fall.
said Phil Flynn, analyst at Price Futures Group.
The United States and Israel expect a missile and drone attack on some Israeli diplomatic mission before the end of Ramadan on Tuesday, CBS reported, citing official sources.
In addition to the situation in the Middle East, wholesale gasoline prices in the United States yesterday reached a level that had not been recorded for seven months, in a context of sustained demand.
Meanwhile, continued Ukrainian drone attacks on refineries in Russia may have disrupted more than 15 percent of Russian capacity, a NATO official said Thursday, hitting the country’s fuel production.
Gold breaks historical ceiling of $2,329 per ingot
Gold prices hit a new all-time high this Friday, as factors such as bets on an interest rate cut in the United States, speculative purchases and purchases by central banks kept the metal’s advances active.
The spot bullion price rose 1.70 percent to $2,320.04 per ounce, after reaching an all-time high of $2,324.79 earlier in the session.