OIL PRICES RISE

LONDON, OCTOBER 17 /SRNA/ - Oil prices on the global market are rising again as the oil industry continues to face turbulence due to the conflicts between the United States and Iran, and between Russia and Ukraine, the British newspaper the Financial Times reported.

The price of North Sea Brent crude rose to $110 per barrel, reaching that level for the first time since May 20.

The price of Brent crude peaked in late April, reaching $120 per barrel.

In New York, the price of light crude oil surpassed $100 per barrel for the first time since September 21.