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Prices for oil go up because of war in the east

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Oil costs more money now. One barrel costs over 107 dollar. That is almost 100 euro. People fight a lot in the east. Fighters block ways for ships. These ways are at the red sea. People turn off one important oil pipe.

The USA fight targets in Iran. Saudi-Arabien has fear for its oil. Drones attack oil places. Ships with oil cannot sail safe. So the world has less oil. That makes prices high.

Gas stations raise prices too. One liter diesel costs about 2,42 euro. Super E10 costs 2,29 euro. Many people suffer from that. Stock markets in Asia worry too. Experts think: Banks raise interest soon.

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Definitions

Barrel
A barrel is a measure for oil. It is exact 159 liter.
Zinsen
Zinsen is money you pay the bank for borrowed money.

Locations

Saudi-Arabien
A big and rich country in the east with much oil.
Iran
A state in the east.
Jemen
A country in the south.

Sources

Logo ORF
ORF

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ANSA

Il prezzo del petrolio vola, Wti scambiato a 102,73 dollari - Notizie - Ansa.it

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Logo Die Presse
Die Presse

Ölpreise legen wieder zu: Brent kostet fast 108 US-Dollar

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Logo Bild
Bild

Auf 107 US-Dollar pro Barrel: Angriffe in Nahost lassen Ölpreis steigen

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