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Reuters
Tuesday, July 26, 2017
Oil prices rise because of Iran's terrorism
Oil prices rose more than 1% on Monday as investors feared supply disruptions from the energy-rich Middle East after Iran's detention of a British oil tanker. last week.
Futures contracts on Brent rose 79 cents to 1.3% to $ 63.26 per barrel.
WTI closed up 59 cents, or 1.1 percent, to $ 56.22 a barrel.
Oil gains have limited the lifting of the Libyan oil field Libyan oil field's largest force, the country's largest, which closed Friday, lost production of about 290,000 barrels a day.
Last week, the WTI fell more than 7% and Brent, more than 6%, weighed down by economic concerns and the return to US production in the Gulf of Mexico after a hurricane.
"Demand-side selling pressure seems to have dissipated this week," said Jane McGillian, vice president of market research at Tradeshow Energy in Stamford, Connecticut. "Concerns about geopolitical factors seem to have put an end to some of these pressures."
Britain is considering measures to be taken in the context of the airline's crisis in police custody.
The British Foreign Ministry called on Iran to immediately release the tanker "Stina Empero". The British Foreign Ministry said: "The detention of the tanker" Stina Empero "is in the interest of nobody and will affect the freedom of international navigation.
And stressed that there was no legal reason to withhold the British carrier, stressing the need for immediate release.
Iran and its terrorist weapons deployed in the region have targeted commercial vessels, in particular oil tankers, that have repeatedly spawned during these incidents in recent months.
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