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The price of Brent oil exceeded $105 for the first time since September 17.
World oil prices are rising by almost 5% on Thursday.
The price of Brent exceeded $105 per barrel for the first time since mid-September.
MOSCOW, October 8 - RIA Novosti. World oil prices are growing by almost 5% on Thursday; the price of Brent exceeded $105 per barrel for the first time since mid-September, according to trading data.
As of 13.32 Moscow time, the price of December futures for Brent oil rose by 4.94% relative to the previous close, to $105.15 per barrel - the value is above $105 for the first time since September 17.

The record increase in diesel fuel prices in the United States, exceeding $6.5 per gallon, is caused by a supply shortage, low distillate inventories, a ban on exports from the Russian Federation and a seasonal peak in demand associated with the harvest campaign.

Indian refineries have reduced purchases of Russian oil to a minimum since March 2022 due to almost disappeared discounts, reorienting themselves to supplies from the Persian Gulf countries.

European underground gas storage facilities have reached 73% capacity, though injection rates slow as temperatures drop. Current reserves sit at their lowest level for this date since 2011, raising concerns ahead of the winter season.

Commercial vessel transit through the Strait of Hormuz hit its lowest level since July 23 this week amid escalating attacks on tankers, with average daily oil transit dropping 27% from September peak levels according to Kpler data.

On Tuesday, October 6, only seven cargo ships passed through the Strait of Hormuz, which was the minimum since July 23. The decline in traffic comes as attacks by Iran and the Houthis have increased, causing shipowners to delay sailings and sending oil prices above $104 a barrel.

The exchange price of Brent oil exceeded $104 per barrel during trading on October 8. The rise in prices for raw materials is associated with increased attacks on tankers in the Strait of Hormuz against the backdrop of the war between the United States and Iran.