Trading platform 
Monitoring 
Catalog 
Fork Work 
Service 
News 
Directory 
Oil prices on global exchanges continue to rise for the fifth day in a row due to growing concerns about possible supply disruptions amid escalating conflict in the Middle East, as reported by the enkorr agency.
“The situation in the Middle East, which could escalate at any moment and further raise prices, provides support. Geopolitical risks are likely influencing oil market price trends,” said Barbara Lambrecht, a commodity market analyst at Commerzbank, in a statement to MarketWatch.
As of August 12 at 8:01 Kiev time, October Brent futures on the London ICE Futures exchange are up $0.22 (0.3%), reaching $79.88 per barrel. On August 9, the price of Brent rose by $0.5 (0.6%), reaching $79.66 per barrel.
WTI September contract futures are also rising on the electronic trading platform of the New York Mercantile Exchange (NYMEX) by $0.36 (0.5%), reaching $77.2 per barrel. In the previous trading session, the contract increased by $0.65 (0.9%), reaching $76.84 per barrel.
“During the past week, the price of Brent rose by 3.7% and WTI by 4.5%. Therefore, oil ended the first of five weeks in positive territory,” the report noted.
