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Oil prices are going up steadily and are approaching $72 a barrel

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According to analysts, the active growth in the price of Brent crude oil at 1.25%, towards the direction of $72 per barrel, is due to negative news from the Middle East. The catalyst for such a rise was the statements of Khalid al-Falih, the Minister of Energy of Saudi Arabia, who reported the attack on two oil tankers off the coast of Al-Fujairah, which is part of the UAE.

Previously, Iranian and Lebanese media also reported explosions in the port of Al-Fujairah. According to the minister of energy of Saudi Arabia, two Saudi oil tankers have become the target of a sabotage attack in the economic zone of the United Arab Emirates. One of them was heading to the port of Ras Tanura for loading oil to be delivered to Saudi Aramco customers in the United States.

The attack did not lead to casualties or oil spills, but caused significant damage to both vessels, Khalid al-Falih said. He expressed an extremely negative attitude towards the incident, stressing that the attack was aimed at undermining the freedom of maritime navigation and supplying oil to consumers all over the world, and called on the international community to assist in ensuring security.

During the incident, Saudi authorities did not seek to provide information about what happened. A number of experts believe that this was done in order to justify a further increase in US pressure on Iran. Many investors fear that in the future the confrontation between the United States and Iran will increase and adversely affect the global market for raw materials.

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The material has been provided by InstaForex Company - www.instaforex.com