Oil price leap on the raw market due to the Middle East conflict

The price of oil is leaping and shares can result in further increase in the attack on Iran’s nuclear and military targets and the world economy around the world.

Price of a barrel of a barrel – US cactory

Brent International Standard, $ 74.30 for a barrel of Brent oil between $ 74.30.

Western Canada SELECT sold about $ 57.34 per barrel on Friday morning.

Iran is one of the largest oil producers in the world, although sanctions have limited its sale by Western countries. If a wider war erupts, slow the flow to customers of Iranian oil and can maintain raw and gasoline price for anyone in the world.

Analysts outside Iran, analysts also pointed to the potential of the interruptions in the Strait of Hormuz and the relatively narrow waterway moving in the ships in the most part of world oil.

However, after Iran and Israel’s presence, the prices of the oil spike, only after the increase in oil supply and not affected the oil supply, according to the Giant Yoswick, according to the head of the global commodity concepts “

This awaits Wall Street what will happen next.

So far, the price of oil has jumped, but it is lower than the beginning of this year.

“This is an economic shock that no one is needed, but it seems like a shock that looks more like a mood than the basics of the economy,” said additional wealth management chief economist.

Global stock markets also sank to news from the Middle East TSX, Canada’s main stock indexAbout 25 points around the eastern day to 26,590.

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This Dow Jones Industry Medium 42,572.79 decreased by about 400 points and Nasdaq composition was 100 points 19,561.

Shares at Exxon Mobile increased by 1.5 percent and gained more than the price of raw prices because the conocophhillips won 1.9 percent.

Canadian dollars were up to 73.63 kopecks after a while.

The price of gold approached the records of about 1.5 percent, more than $ 3,400 and in search of investors to park their cash.

While continuing, higher oil prices would likely lead to an increase in gasoline prices, Alberta may have a blessing for the year’s budgetAn average of $ 5.2 billion in the forecast due to an average of $ 68 / barrel of oil prices to be $ 68 per barrel.

Every The increase in $ 1 oil prices is projected to increase the income of the year up to about $ 750 million.

– With reuters and global news.