New york: The price of oil in world markets has approached $65, as reported by APA-Economics. There has been a slight increase in oil prices, reflecting ongoing market trends.
According to Azeri-Press News Agency, the price of WTI crude oil on Nymex experienced a rise of $0.41, or 0.68%, reaching $60.98 per barrel. Similarly, trading operations on the ICE London Intercontinental Exchange saw the price of Brent oil increase by $0.40, or 0.62%, to $64.77 per barrel.
The recent price increase is primarily attributed to market expectations concerning the continuation of tensions in the Middle East and the potential decrease in oil reserves in the US.