Oil price exceeds 80 dollars barrel for the first time in 3 years - For the first time in 3 years, the price of oil is above 68.50 euros per barrel (80 dollars at the current exchange rate). The forecast of a global energy crisis could be one of the main reasons driving this upward trend.

As pointed out in the Financial Times, the international benchmark index, the Brent, rose by 0.8%, to reach 68.67 euros (80.19 dollars), after the succession of operations in Asia. This growth means that the price of crude oil has grown by almost 55% so far in 2021

And forecasts do not point to a halt of the wave, but rather the deficit in global gas production, coupled with China's push to reduce pollution from heavy industry, will keep oil growing, as companies turn to oil to generate energy.

This clean energy campaign by the Chinese government has led to the disruption of activity in many factories and has even left a good number of homes without electricity.

According to a report published in the Economic Information Daily, a newspaper run by the state news agency Xinhua, the authorities of the Asian country are taking steps to prevent such power outages.

Oil price exceeds 80 dollars barrel

With the Winter Olympic Games (to be held in Beijing in February 2022) on the horizon, the aim is to clean up the smothering haze that is currently plaguing the Chinese capital.

At Goldman Sachs they are pessimistic about the short-term future. The investment bank predicted that the price of a barrel of Brent will reach 77.06 euros (90 dollars) by the end of the current year.

And not only because of the situation in China, but also because of the situation in the United Kingdom, where a supply crisis –because of the shortage of transport drivers– has brought images of motorists queuing to pour petrol.

Oil price exceeds 80 dollars barrel

"We are looking not only at the UK and Europe, but at a potential global energy crisis looming in the winter," Robert Rennie, Westpac's Director of Market Strategy, told Financias Times.

In addition, he noted that the increase in global energy demand, as countries relax their restrictions on movement by COVID, could lead to a global oil crisis.

"If we add up the power outages in China and concerns about inventory levels around the world, it's understandable that we're seeing upward pressure on crude," Rennie made clear.

Oil price exceeds 80 dollars barrel

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How to avoid the fees your bank will charge you in October: here are the requirements you must meet

Paying less commissions is the goal of any banking client, especially since banks have increased their demands with those who are less linked.

Virtually all banks charge a significant extra for customers who do not have their payroll domiciled and who do not meet certain requirements.

The payment of this commission can be made annually, semi-annually, quarterly or monthly, depending on what each bank establishes.

This October there are 4 banks that will charge a maintenance fee to their customers: Banco Santander (up to 20 euros), Bankia (up to 14 euros), CaixaBank (up to 60 euros) and ING (10 euros).

Of these entities, all except CaixaBank pass the amount of the commission on a monthly basis to customers. In the case of CaixaBank the collection is quarterly and it touches just in October, according to HelpMyCash.

Although they do not seem too large amounts, the truth is that it is a monthly expense that can hurt your pocket and that is avoidable if you meet some conditions.

Here's what you need to do so your bank doesn't charge you commission in October.

Each entity sets its own requirements so that its clients do not have to face the payment of commissions, although all these requirements are similar.

Having the payroll or direct pension, making a minimum number of movements with the credit or debit card, hiring insurance or investment funds are some of the things you can do.

As you can see, all these requirements are really simple to meet, so it is worth making the effort so you do not have to pay a good amount in terms of commissions.

It should be clarified that not all accounts of these banks charge commission. For example, Santander Smart, Mini and Basic Payment accounts have no surcharges of any kind.