OREANDA-NEWS.The oil prices were rising up during the fifth session in a row on Tuesday in Asia. Because of cold weather in the U.S. and because of the further forecasts about cutting down American fuel reserves, and also because of strengthening tension between relations of Iran and the West.


According to Reuters’ message, by 7.21 the April high-gravity oil futures had increased by 13 percent – up to 61.52 USD per barrel. They rose up to 61.39 USD during the New-York commodity - raw materials stock’s closing auctions, that is the maximum level of the closing for the last two months.   

The Brent oil contracts with shipment in April have increased by 5 percent – up to 61.38 USD for one barrel.

The representatives of western countries held a meeting on Monday in London. They decided to start working on the new resolution of the Security Council of the UN concerning the nuclear development program of Iran. Tegeran didn’t meet the engagements of the UN about quitting the uranium enrichment by the 21st of February.

The Barclays informs that the new flashes of violence in Iraq and constant tension in Nigeria prove the fears concerning possible oil shipment stoppages, and this leads to the increase in prices for “black gold”.

Besides that, the increase in oil prices was influenced by fall of temperature in the Mid-West and North-East regions of the U.S.- the two main world markets of stove fuel.