The WSJ reported an increase in oil prices by more than 2% due to investment demand

Oil prices rose by more than 2% on the back of investment demand and expectations of market participants, despite geopolitical risks. This was reported on April 27 by The Wall Street Journal (WSJ).

"West Texas Intermediate crude futures for May delivery rose 2.0% to $96.30 per barrel, while Brent futures rose 2.1% to $107.58 per barrel," the newspaper quoted trading data.

The article explains that market participants are actively buying oil, expecting further price increases. Additional support for the quotes is provided by the risks of supply disruptions amid tensions around the Strait of Hormuz, which increases fears of a shortage of raw materials.

"Investors are willing to ignore geopolitical factors where there are good structural reasons," said Charu Chanana, chief investment strategist at Saxo.

Sales preparation: oil prices may rise to $140 per barrel

The US refusal to extend the license for the sale of raw materials from Russia and Iran will support the high cost of fuel

Also on this day, world prices for Brent crude oil showed growth and surpassed the mark of $ 101 per barrel amid reports that the second round of negotiations between the United States and Iran, held in Pakistan, did not take place.