The exchange price of Brent oil exceeded $98 per barrel

During trading on Tuesday, September 8, the exchange price of the benchmark North Sea oil Brent accelerated its growth amid another escalation in the Middle East. This is evidenced by Investing data.

By 17:30 Moscow time, commodity quotes reached $98.23 per barrel. The increase to the closing level of the previous trading session by that time was 1.27 percent, or $1.23. At its peak, quotes reached $99.45.

Experts attribute the rise in oil prices primarily to a new round of tension in the Middle East. Earlier, Yemen's Houthi rebels attacked several cities in Saudi Arabia. As a result, the work of some energy infrastructure facilities in the country was suspended indefinitely. Saudi Arabian authorities called the Houthi attack a dangerous escalation of the conflict.