Oil prices rose amid continuing clashes in the Middle East

On Tuesday, Brent crude oil exceeded $79 per barrel for the first time since November 2014 amid continuing clashes in the Middle East. Investors remain focused on riots in the gas sector and the expected consequences of US sanctions against Iran. The price of the July futures for Brent crude by 13:13 Moscow time increased by 97 cents to 79 dollars 20 cents per barrel. June futures for WTI rose 66 cents to 71 dollars 62 cents per barrel. According to Bloomberg, at present, the American WTI oil has fallen in price relative to the main Middle East contract for Dubai oil by about 3 dollars 20 cents per barrel after Washington's decision to restore sanctions against Iran.

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