Oil prices have risen sharply due to the bad weather in the Gulf of Mexico

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Oil prices rose sharply on Tuesday due to fears about the impending Gordon storm in the Gulf of Mexico, as well as a more significant reduction in supplies of Iranian oil in connection with US sanctions. Because of the bad weather, oil company Anadarko Petroleum evacuated workers and suspended operations on two platforms in the Gulf of Mexico. The price of November futures for Brent crude by 14:17 Eastern European time rose by 1 dollar 12 cents to 79 dollars 27 cents per barrel. October futures for WTI oil by this time went up by 1 dollar 33 cents to 71 dollars 13 cents per barrel.

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