The reference crude oil in the United States, West Texas Intermediate (WTI), has risen 48.67% and is close to $100, its highest since mid-2022.
Courtesy | The barrel of Brent oil has soared 55% and stands at $112 this week
The barrel of Brent oil has skyrocketed 55% and stands at $112 this week. Due to the conflict in the Middle East, oil and gas prices have risen due to damage to energy infrastructure and the risk of lower supply on a global scale.
The Brent barrel, the European reference crude oil, has skyrocketed by 55.31% since the start of the conflict, and has reached close to $120. The reference crude oil in the United States, West Texas Intermediate (WTI), has risen 48.67% and is close to $100, its highest since mid-2022.
In parallel, gas has appreciated more than 70% to 54,155 euros per megawatt hour.
At the same time, significant falls have been recorded in the main stock markets. In addition to the 8.49% cut in the IBEX, the Spanish indicator, Frankfurt fell 11.8%; Paris, 10.24%; London, 8.64% and Milan, 8.11%.
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