Buenos Aires, March 13 (NA) – The price of a barrel of oil is on the verge of breaking the $100 mark again, due to the persistence of military actions in the Middle East. The temporary declines at the beginning of the week have erased in the last few hours, and there are currently no signs of a trend change. The persistence of Brent crude prices in this range puts more pressure on local oil companies, and new adjustments at the pumps cannot be ruled out. This week, fuel prices in Argentina increased by 6% after the crude oil price reached $60 in the last three weeks.
Oil Price Approaches $100 Again Amid Middle East Tensions
Brent crude prices are under pressure due to ongoing military actions in the Middle East. This has led to a 6% increase in fuel prices in Argentina and could trigger further market adjustments.