Oil prices rose to two-week highs. Among the key factors are the reduction of the US production forecast and the aggravation of the situation in the Red Sea. Attacks on merchant ships off the coast of Yemen disrupted stability in one of the most important logistics corridors, increasing transportation costs. Additional support for quotations was provided by the reduction of oil reserves in the U.S. and the growth of prices for gasoline and diesel. Despite the news about OPEC+ plans to increase production in August, the demand, including that associated with the closing of short positions, contributes to the upward dynamics of quotations. At current levels, the formation of a resistance zone is possible. If the market keeps the upward trend, the significant activity of sellers may occur when the market approaches the area around $71.