Oil continues to increase due to Middle East news

Oil quotes reflect active growth due to the news about the termination of diplomatic relations between Iran and Saudi Arabia, Bloomberg reports.

The cost of the February ICE futures for Brent crude increased by $1.61 (4.32%) up to $ 38.89 per barrel at the London's Exchange by 6:05 PM Moscow time. Futures price for WTI crude oil increased by $ 1.1 (3%) up to $ 38.15 a barrel at the New York Mercantile Exchange (NYMEX), Interfax reports.