The rise in oil prices was above $ 91 after Ansarullah fired a missile at Abu Dhabi

According to the Fars International Economic Group, quoted by Reuters, the price of oil in trading on Monday increased by more than one percent and was close to the highest figure of the last 7 years, which was recorded yesterday.

Concerns about supply and tensions Geopolitical In Eastern Europe and Western Asia, prices are on track to record the largest monthly increase in almost a year.

Brent crude rose $ 1.26 to $ 91.29 a barrel. US crude traded up $ 1.12 at $ 87.94.

Brent crude hit a record high of $ 91.70 a barrel in October 2014, and US crude traded at $ 88.84 a barrel for the sixth straight week in a row. These two oil indices are on track to record a 17% increase per month, which is the highest figure since February 2021.

Toshitaka تازاوا“The fundamental concern about global supply shortages, along with continuing geopolitical risks, has prompted the market to start the week strong,” said Fujitomi Securities analyst.

“Waiting for OPEC,” the analyst said plusIf the current policy is to maintain a gradual increase in production, oil prices are likely to continue to rise this week. He forecast Brent oil to stay above $ 90 and WTI to move to $ 90.

Major producers of the Organization of Petroleum Exporting Countries (OPEC) and its allies, including Russia, which OPEC plus They have decided to increase their production by 400,000 barrels per day since last August, as they decided to reduce their unprecedented production decline by 2020.

But since some members have faced challenges in increasing production, these countries have not yet been able to achieve their production goal.

The group will meet on February 2 and, according to informed sources, will probably continue their plan to increase oil production in March.

Reuters analyst John Kemp noted that stockpiles are currently low and the global surplus capacity to increase production in the short term is small. Shows signs of increase.

Tensions between Russia and the West have affected crude oil prices. Russia, the world’s second-largest producer of crude oil, and the West have been at loggerheads over Ukraine, raising concerns about energy disruptions that could disrupt Europe.

The head of NATO said on Sunday that Europe should diversify its energy resources as Britain warned that Russia was “very likely” seeking an attack on Ukraine.

After the UAE announced a ballistic missile fired by Ansarullah Intercepts Yemen as host’s Israeli President Ishaq Herzog, market in West Asia call Has taken over.

Meanwhile, after the North American states were hit by severe winter storms on Saturday, this situation caused several states to be in the above state. Extraordinary More than 1,400 flights were canceled in the United States on Sunday.

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