Brent exceeded $80 per barrel for the first time since November 2014

On Thursday, there was an acceleration in the rise of oil prices against the backdrop of increased geopolitical risks in the Middle East and the Korean peninsula. Brent exceeded the mark of $80 per barrel for the first time since November 2014, the project wrote. The statement of US President Donald Trump about the withdrawal from the nuclear deal with Iran and the restoration of sanctions against this country raises fears about a possible shortage of oil on the world market. In addition, on May 15, North Korea threatened to abandon the summit with the US in protest against the teachings of Washington and Seoul. As reported by Renhal, Pyongyang also refused to negotiate with Seoul. The cost of the July futures on Brent crude on Thursday at 12:49 Moscow time increased by 90 cents to 80 dollars 18 cents per barrel. WTI Oil has risen in price over 72 dollars per barrel for the first time in 3,5 years.

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