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Commodities

Middle East Conflict Drives Brent Crude Above $100 Per Barrel

Guavy AI Editorial Team
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Oil
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Brent crude oil futures surpassed $100 per barrel on Wednesday, breaking the symbolic barrier for the first time since July 24. This rise is attributed to the escalating conflict in the Middle East.

The price of Brent crude has been increasing due to concerns over supply disruptions and tensions in the region. The conflict has created uncertainty among investors, leading to higher demand for oil futures as a safe-haven asset.

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