Oil prices have risen to the maximum

During trading on Thursday, October 8, the exchange price of the North Sea benchmark Brent oil exceeded $104 per barrel for the first time since September 29. This is evidenced by Investing data.

At its peak, commodity prices reached $104.12. By 10:43 Moscow time, the price of oil remained approximately in the same area. The increase to the closing level of the previous trading session by that time was 3.91 percent, or $3.92.

Experts attribute the rapid rise in price of raw materials, among other things, to the increased frequency of attacks on tankers in the Strait of Hormuz. At the end of September, according to the Marisks company, at least 7 similar incidents were recorded in the Middle East.

In early October, the alarming trend continued. Last week, the number of attacks on tankers passing through a key logistics artery in the region reached the highest level since the start of the US-Iran war. The attacks intensified amid growing exports of raw materials from the Gulf countries, analysts explain.