Oil prices are rising against the background of Saudi Arabia. Earlier today, the media quoted oil minister of Saudi Arabia Ali Al Nye said that the country has revised the price threshold per barrel of oil upward - up to $ 100. Prior to that, called the threshold of $ 70 per barrel "black gold".

In addition, the minister said in an interview with CNN about the possibility of increasing production. Al Nye also said he did not expect closure of the Strait of Hormuz for a long time, if Iran still take such a step as it goes through a fifth of world exports.

On Monday, as it became known that France can take the initiative to put an embargo on Iranian oil for three months to allow time for Europe to find alternative sources of raw materials. At the same time and called for longer periods during which the ban may be delayed - up to six months.

The cost of the February futures on U.S. light crude oil WTI (Light Sweet Crude Oil) rose to 101.01 dollars per barrel. February futures price for North Sea petroleum mix of mark Brent rose to $ 1.13, or 1.01% - up to 112.47 dollars per barrel.