The price of “Brent” crude reaches $127.86 a barrel, and analysts expect oil prices to rise further due to the delay in the conclusion of the Iranian nuclear talks.
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US crude futures rose more than 3 dollars
Today, Tuesday, the price of “Brent” crude rose more than 4 dollars, reaching 127.86 dollars per barrel.
US crude futures rose more than $3, and the price reached $122.79 a barrel, according to Archyde.com.
Analysts expected that oil prices would continue to rise more than they are now this week, due to the delayed conclusion of the Iranian nuclear talks, and thus the possibility of Iranian crude oil returning to the already turbulent global markets.
“Iran was the only factor supporting the price drop that is hanging over the market, but if the Iranian agreement is delayed now, we may consume stocks more quickly,” said Amrita Sen, co-founder of the Energy Aspects Research Institute.