Oil prices are rising after losses the previous day: experts point to impending supply disruptions from Libya and the worsening situation in the Middle East

Oil prices are rising after losses the previous day: experts point to impending supply disruptions from Libya and the worsening situation in the Middle East

According to a report by www.finanzen.net, oil prices rose noticeably on Wednesday after losses the previous day. A barrel (159 liters) of North Sea Brent for delivery in March last cost 78.14 US dollars, an increase of 2.23 dollars compared to the previous day. The price of a barrel of West Texas Intermediate (WTI) for delivery in February rose $2.19 to $72.56. A number of factors supported these price increases, including threatened supply disruptions from Libya, the closure of the country's largest oil field after protests and the worsening situation in the Middle East.

These current events may have an impact on the oil market and the global economy. The threat of supply disruptions from Libya could lead to a shortage of supply and thus cause oil prices to rise further. Additionally, tensions in the Middle East could cause further uncertainty and instability in the region, which could also impact oil prices. In addition, there is a possibility that concerns about key international merchant shipping routes will further influence prices.

These developments should be monitored closely by businesses and consumers as they could have a potential impact on energy costs and trading activities. It is important to keep an eye on developments in international markets in order to be able to react appropriately to possible changes. The current tensions in the Middle East and the threat of supply disruptions from Libya are factors that could influence prices and lead to future changes.