Oil is gaining again after news from Middle East

The price of oil is getting higher on news that there is a little chance of rapid recovery of oil production in Saudi Arabia. The person associated with Saudi Aramco said that the plant repair may take longer than previously thought. It is worth to said also that Saudi Aramco should also release official statement on attacks later today.

Additionally, the upper pressure on oil comes also directly from Iran which is said to have seized another fuel vessel. This may completely change narrative from the US in relation to Iran and upcoming United Nations meeting in New York.

The price of WTI is again above 60 USD per barrel after new information from Middle East. Source: xStation5

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