On Monday, July 13, the fear regarding crude oil prices proved to be true. Crude oil prices once again increased in the global market and they increased by 4.12 percent that day.
Brent crude oil prices increased by more than 4.12 percent in the international oil market. The price of Brent oil rose $3.21 to $79.22 per barrel. Just two days ago, the price was on the verge of falling below $70, but when the ceasefire between the US and Iran broke for the third time and the confrontation resumed, oil prices surged sharply.
Crude oil prices increased by more than 4 percent
While Brent crude oil reached $79.22 per barrel, the price of US West Texas Intermediate (WTI) crude oil also rose by 4.28 per cent. The price of WTI rose $3.09 to $74.43 per barrel, after falling below $69 last week.
