Oil prices continued to rise on Wednesday, driven by concerns over potential disruptions in supplies from the United States and Russia.

Markets are closely monitoring the impact of sanctions on Russia, where oil flows through the Caspian pipeline have decreased by 30 to 40 percent due to Ukrainian attacks.

Additionally, cold weather in the United States has affected production, potentially reducing it by up to 150,000 barrels per day.

Should negotiations between the Israeli Occupation and the Hamas Movement succeed, oil prices may decrease as the risks of supply disruptions diminish.