On Friday morning, benchmark oil prices continued their growth, ending the week at monthly highs, amid an increase in the tense situation in the Middle East. At the moment, Brent quotes rose to the level of $93.77 per barrel, which became an almost monthly maximum. The current price is $93.40. North American oil shows similar dynamics: growth to a maximum of $89.84 and a subsequent decline to $89.44 per barrel. The market is supported by disturbing news from the Middle East, in particular, that an American destroyer destroyed missiles off the coast of Yemen. According to one of the sources, the missiles were launched by Yemeni Houthi rebels. However, it is unclear whether they aimed at the destroyer or wanted to hit another object. Traders are also concerned about the possible expansion of the conflict between Israel and Hamas and the potential intervention of Iran. Energy markets are carefully monitoring geopolitical events, and the main concern is possible problems with oil supplies. «These worries are likely to persist in the near future,» said Tariq Zahir, managing partner at Tyche Capital Advisors.
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