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Commodities

Middle East Tensions Drive Crude Oil Prices to New Heights

Guavy AI Editorial Team
Instruments
Oil
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Crude oil prices continued their upward trend on Tuesday, driven by escalating tensions in the Middle East.

The Brent crude benchmark rose to $91.05 a barrel, while US West Texas Intermediate (WTI) reached $86.59 after gaining 56 cents and 83 cents respectively, or 0.6% and 1%, in a single day.

This surge marks the highest valuation for both benchmarks since late August, following previous gains of 2.7% and 2.8% respectively in the previous session.

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