Escalation of crisis between Israel-Iran brings rally in oil prices

Iran's missile attack on Israel increased the price of oil on the stock exchanges, SİA reports.

The price of the December 2024 Brent oil export contract increased by 1.75% to 74.85 US dollars per 1 barrel during the trading operations held on the ICE London Intercontinental Exchange.

At the same time, the price of 1 barrel of WTI ("West Texas Intermediate") brand oil exported in November of this year on the NYMEX commodity exchange of New York increased by 1.93% and amounted to 71.18 US dollars per 1 barrel.

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