Oil prices continued to grow


Fears of a shortage of fuel amid US sanctions against Iran are pushing oil prices up. As of 5 pm Moscow time on Monday, Brent crude futures for December delivery rose 48 cents to 83 dollars 13 cents a barrel. WTI oil rose in price by 27 cents to 73 dollars 45 cents per barrel. Analysts of the Australian bank ANZ predict a rise in oil prices to $100 per barrel. Experts believe that the main reasons for rising prices will be US sanctions against Iran and stagnation of drilling activity in the United States. They note the weakest indicator of growth in the number of drilling rigs in the United States in the third quarter, when only 5 new installations appeared.

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