Oil prices have been growing in New York for the fourth day in a row, reaching a record of nine months, $105.44 per barrel, exceeding the old price by 2.1%. The price on Friday ended up at $103.24 per barrel.
Analysts say that such dramatic rise of prices was provoked by British and French companies, which stopped oil purchases from Iran on Sunday. The EU passed additional sanctions against Iran for its nuclear program.
The Greek debt crisis contributes to increase of prices. The expected financial aid of the European Group to Greece will cause higher demand for oil.
US stock markets had a day off on Monday, marking the Day of Presidents.
