Oil prices exceeded $ 40 because of the deteriorating situation in the Middle East

The worsening situation in the Middle East, as well as expectation of production cuts OPEC states and other oil-producing countries continues to influence oil prices. The cost of the February futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) on Tuesday morning rose by 0.2 dollar - up to 40.22 dollars per barrel. The price of the contract in February for WTI on Monday climbed to 2.31 dollars - up to 40.02 dollars per barrel. Oil rose in price on concerns about possible disruption of supplies of raw materials from the Middle East region after the massive Israeli strikes on the Gaza Strip. Quotation of the February futures on Russian crude oil Rebco the electronic system of CME Globex (NYMEX) Dec. 29 rose to 2.17 U.S. dollar and reached 37.07 dollars per barrel. On the London ICE Futures Exchange futures price for February London Brent crude rose to 2.18 U.S. dollar - up to 40.55 dollars per barrel, informs "Interfax" referring to agency Bloomberg.