MADRID, 9 Oct. (EUROPA PRESS) -

The price of a barrel of Brent crude oil, the reference for Europe, rose more than 3% this Monday, given the escalation of tensions in the Middle East after the open war between Hamas and Israel, as well as the situation in Iran, in addition to the pressures related to the conflict in Ukraine and the cut in supplies from Russia and Saudi Arabia.

The price of a barrel of Brent oil rose this morning to $89, 5.2% above the previous close, although it later moderated the rise to just over 3%, trading above $87.

In this way, the reference barrel of oil for the Old Continent erases part of the collapse experienced in the last sessions of last week, when it fell from more than 97 dollars at the end of September, to less than 84 dollars last Friday.

In the case of West Texas Intermediate (WTI) crude oil, the reference for the United States, the price rose 3.50% compared to last Friday's close and was trading above $85.