🛢️ Oil Prices: Highest Level in Over a Year
Prices continue to rise sharply for the fourth consecutive day due to the effective closure of the Strait of Hormuz to navigation.
· Official figures (as of noon today):
· Brent crude: $84.07/barrel (up 3.3%).
· Texas crude: $76.8/barrel (up 3%).
· Immediate reason: The U.S.-Israeli war on Iran has led to supply disruptions. Iraq (the second largest producer in OPEC) has cut its production by 1.5 million barrels per day (almost half of its production) and may be forced to shut down completely.
· Shocking forecasts:
· Goldman Sachs: If the closure continues for 5 weeks, Brent could reach $100.
· J.P. Morgan: The closure could halt 4.7 million barrels per day of supplies.
✨ Gold Prices: Record Highs on Two Levels
The yellow metal has recorded record figures globally and locally, although it is experiencing sharp fluctuations.
· Globally (global stock exchange):
· Price per ounce: $5,168.69 (up 1.6%).
· Despite being a safe haven, the rise of the dollar (to its highest level in 5 weeks) has pressured it and forced it to slightly retreat after record gains.
✨ Gold Prices (in dollars per ounce)
· Global spot price: $5,168.69 USD (per ounce).
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