Oil prices demonstrated multidirectional dynamics on Thursday

During trading on Thursday, oil prices changed in different directions. September futures for Brent crude by 14:03 Moscow time went up by 39 cents to 74 dollars 32 cents a barrel based on reports that Saudi Arabia would suspend supplies through the Red Sea. According to Richard Mallinson from Energy Aspects, oil tankers will now be sent around the peninsula of Somalia after the attacks on two tankers by Yemeni rebel Houthis. At the same time, WTI oil went down due to fears of excessive supply. The cost of September futures for WTI oil by the indicated time fell by 4 cents to 69 dollars 26 cents per barrel.

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