Brent crude futures rose to $105.07 per barrel.
Oil prices rose by almost 1% amid truce talks between the United States and Iran. Brent futures rose to $105.07 per barrel, WTI — to $99.06. This was reported by the Reuters news agency on May 12.
"Brent crude futures rose by 86 cents, or 0.8%, to $105.07 per barrel, while U.S. West Texas Intermediate crude rose by 99 cents, or 1%, to $99.06," the publication says.
According to analysts, if a peace agreement is not concluded by the end of May, the risks of a new price increase will increase significantly. At the same time, any real breakthrough in the negotiations could lead to a sharp correction of $8-12 down. In case of escalation or resumption of the blockade, Brent may quickly return to the level of $ 115 and above.
Bloomberg reported on May 8 that global oil prices rose by more than 1% after a new exchange of blows between Iran and the United States, which raised the risks of further conflict in the Middle East. It was clarified that Charu Chanana, chief investment strategist at Saxo Markets in Singapore, informed the agency about the main risks amid the new tension.
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