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Commodities

Middle East Export Recovery Drives Brent Crude Price Surge

Guavy AI Editorial Team
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Oil
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Brent crude oil prices have rallied, reaching $101.66 as of current market data, with a 4.15% gain on the day.

The price surge comes as Middle East crude exports have returned to 17.5 million barrels per day, restoring 98% of pre-war supply volumes.

This significant increase in export flows has eased the risk premium that had supported prices during disruption periods, suggesting a more stable market backdrop and aligning with recent upward momentum in Brent crude.

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