Oil prices have continued to rise after the completion of trading in the fourth quarter and have increased by more than two dollars due to reports that Iran is preparing to attack Israel.
This has triggered concerns in the market about the potentially escalating conflict in the Middle East, which led to a rise in crude oil prices. Currently, the price of oil has risen to a certain level due to the anticipated investor interest in relation to possible geopolitical tensions.
"However, although oil prices are rising at present, they still remain under pressure due to the overall uncertainty in global markets," said an analyst.
As a result of this event, investors are increasingly focusing on the dynamics of the oil market and geopolitical factors that could influence prices for this type of commodity.
