Update prices
Crude futures rose Brentwhich began trading its January contracts, rose $1.31, or 1.80 percent, to $74.12 a barrel by 0128 GMT.
US West Texas Intermediate crude futures rose $1.35, or 1.95 percent, to 70.61, after rising 0.95 percent at settlement in the previous session.
Israeli intelligence information indicates that Iran is preparing to attack Israel from Iraqi territory in the coming days, perhaps before the US presidential elections expected on November 5, according to what Axios reported yesterday, Thursday, citing two Israeli sources whose identities were not revealed.
The Axios report added that the attack is expected to be carried out from Iraq using a large number of drones and ballistic missiles. The report stated that the attack was carried out by pro-Iranian factions in Iraq It may be an attempt by Tehran to avoid another Israeli attack against strategic targets in Iran.
Four informed sources told Reuters on Wednesday that prices… Oil You also receive support from the expectations that the set OPEC+ The planned increase in oil production in December may be postponed for a month or more, due to concerns related to weak demand for oil and high supplies.
However, prices are heading to decline by more than one percent this week and are struggling to recover from a six percent loss incurred last Monday after the Israeli strike against Iran on October 26 avoided oil and nuclear facilities and did not cause a disruption to supplies. Energy.
