World oil prices are rising in the morning of July 26. This is evidenced by the auction data.
At 08:18 GMT, the cost of September futures for the Brent blend grew by 0.51%, to 74.31 dollars per barrel, September futures for WTI oil by 0.06%, to 69.34 dollars per barrel.
In the night of Thursday Moscow time, Minister of energy, industry and mineral resources Saudi Arabia Khalid al-Falih said that the Kingdom decided to suspend oil exports through the Bab El-Mandeb Strait after the attack on the oil tanker in the Red sea from Yemen.
Yemeni rebels from the Ansar Allah movement (Houthis) attacked a Saudi oil tanker on Wednesday morning, RIA Novosti reported.
According to al-Falih, two tankers of the Saudi national transport company were attacked, each carrying 2 million barrels of oil. One of the tankers suffered minor damage. None of the ship's crew was hurt. The Bab El Mandeb Strait, which connects the Red sea and the Arabian sea, is the gateway to a significant portion of international trade routes, including key energy and food supplies.
The us statistics also contribute to the growth of oil prices. On Wednesday, the Ministry of energy reported that commercial oil reserves in the United States (excluding the strategic reserve) for the week ended July 20, decreased by 6.1 million barrels, or 1.5%, to 404.9 million barrels. Thus, the level of reserves showed the minimum since February 2015.