Oil prices are rising on Monday amid continued tensions in the Middle East.
The United States on Saturday launched a new strike on Yemen in response to the launch of a ballistic missile by the Yemeni Houthis at shipping lanes in the Red Sea. According to Western media, the strike hit a single target – a radar used by the Houthis.
On Friday, the United States and the United Kingdom launched a series of airstrikes on military facilities belonging to the Houthis in Yemen.
The cost of March futures for Brent crude oil on the London ICE Futures exchange as of 7:20 a.m. is $78.49 per barrel, which is $0.2 (0.26%) higher than at the close of the previous trading. On Friday, these contracts rose by $0.88 (1.1%) to $78.29 per barrel.
Futures for WTI for February in electronic trading on the New York Mercantile Exchange (NYMEX) have risen in price by this time by $0.12 (0.17%) to $72.8 per barrel. As a result of the previous trading, the value of these contracts increased by $0.66 (0.9%) to $72.68 per barrel.
On Friday, the rise in the price of Brent at one point exceeded 4%, but by the end of the session it was only 1.1%. Over the past week, Brent fell by 0.6%, while WTI fell by 1.5%.
Market fluctuations show that traders currently do not see any serious risks of a reduction in oil production in the Middle East and oil supplies from the region due to the current conflict, Bloomberg writes.
Currently, prices “do not include a geopolitical risk premium, so Brent could rise above $80 per barrel if the conflict in the Middle East continues to escalate,” said Rob Tammel, portfolio manager at Tortoise Capital Advisors, as quoted by Market Watch.
“Currently, events in the region do not affect the supply of oil on the world market,” said Warren Patterson, who is responsible for commodity strategy at ING Groep NV. – “In the absence of supply disruptions, the situation on the oil market remains comfortable, despite the Middle East tensions.
Number of unemployed people registered in public employment service as of 01.11.2023 (in thousands)
Source: Open4Business.com.ua and experts.news
Number of unemployed in Ukraine and job opportunities, October 22 – October 23
Source: Open4Business.com.ua and experts.news
On Sunday, Danish Prime Minister Mette Frederiksen announced the accession of King Frederik X to the throne from the balcony of the Christiansborg Palace in Copenhagen, where he also appeared in front of the public for the first time as king.
Frederiksen thanked Queen Margrethe II for her service to the country.
“The Crown Prince will now be our king, we know him, love him and trust him,” the Prime Minister said.
She wished the new head of state all the best and, according to tradition, wished the king nine times for his health.
Then King Frederik X of Denmark delivered the first speech.
“My mother, Queen Margrethe, ruled Denmark for 52 years. She followed the times, but she took our common heritage as her starting point. Today she has left the throne, but I hope to be the king who unites the country of tomorrow. This is a responsibility I take on with respect, pride and great joy. I need all the support I can get from my beloved wife, my family, from you and from God,” he said.
This was preceded by the ceremony of Queen Margrethe II’s abdication, which she unexpectedly announced in her New Year’s speech on December 31.
Frederik is Margrethe’s eldest son. The title of Crown Prince of Denmark was passed to Frederik’s eldest son, Christian.
According to preliminary estimates by the Danish police, up to 100,000 people gathered in Copenhagen to celebrate the transfer of power.
In honor of the new king, a fireworks display will be held in the harbor of the Danish capital – three times 27 shots from four guns, and late in the evening a fireworks show will be organized in the Copenhagen amusement park Tivoli Gardens.
There is no coronation ceremony in the Danish tradition.
The Danish monarchy is the oldest in Europe, dating back to the tenth century.
The Cabinet of Ministers has allocated an additional UAH 2.5 billion for the construction of engineering and fortification facilities, Ukrainian Prime Minister Denis Shmygal said.
“The key task for us this year is to strengthen our defense capabilities. In this context, today there are two important decisions. We allocate additional almost 2.5 billion hryvnias from the reserve fund for the construction of engineering and fortification facilities,” Shmygal said at a government meeting on Friday.
According to him, UAH 1.4 billion of these funds will be used for fortification of defense lines, and another UAH 1.1 billion for the construction of non-intrusion strips. – for the construction of non-explosive barrier strips.
In addition, the government has allocated another UAH 120m from the reserve fund for the State Border Guard Service to strengthen the defense capability and engineering and technical arrangement of the border.
