World oil prices soared

During trading on Thursday, October 8, world oil prices broke through another psychological mark. This is evidenced by Investing data.

By 15:20 Moscow time, commodity quotes exceeded $105. The increase to the closing level of the previous trading session by that time was 4.83 percent, or about $4.82.

Such high values ​​have not been recorded on the stock exchange since September 17. Experts attribute the rapid rise in prices of raw materials primarily to the increased frequency of attacks on tankers in the Strait of Hormuz.

At the end of the first month of autumn, according to the Marisks company, at least 7 similar incidents were recorded in the Middle East. The alarming trend continued in October. The attacks intensified amid growing exports of raw materials from the Gulf countries, analysts explain.

Increasing attacks on ships have added to concerns among stock market participants about the risks of a shortage of global oil supply. The active release of raw materials from strategic reserves, which representatives of the G7 countries wanted to rely on, is unlikely to eliminate the imbalance of supply and demand, experts say.