Oil and gas prices soar as we watch developments in the war in the Middle East. The WTI recorded a rise of 10.2% to 110.38 dollars a barrel. Brent also recorded a rise of 8% at 109.34 dollars. Session characterized by increases also for the price of gas. In Amsterdam, prices increased by 7.31% to 50.95 euros per megawatt hour.
A reversal of trend compared to the previous hours, when both main oil references showed bearish signals.
The effect of geopolitical tensions
The words of Trump, who announced that Iran will be hit “hard” in the next two or three weeks, fueled fears about energy markets and the possible repercussions on global supplies, pushed prices.