Oil prices rose on Tuesday morning as for November delivery reached 91.16 US dollars per barrel, a 0.74 percent increase from the previous day. This price for 159 liters of oil is equivalent to 78.61 euros, following a Monday peak of 91.52 dollars.
The United Kingdom Maritime Trade Operations reported a night attack on an oil tanker in the . The vessel was hit by projectiles while exiting the waterway. This incident occurs amid ongoing mutual military strikes between the USA and Iran.
Supply concerns are intensifying due to the Russia-Ukraine war, where attacks on the Russian oil industry are currently reducing diesel availability. TD Securities strategist Bart Melek notes these geopolitical tensions continue to impact global commodity markets.