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Commodities

Oil Prices Hold Steady Amid Ongoing Regional Tensions

Guavy AI Editorial Team
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Oil
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Oil prices remained steady at the start of trading on August 17, maintaining gains made last week. According to Reuters, Brent crude futures were unchanged at $88.55 a barrel by 01:28 GMT, while West Texas Intermediate (WTI) crude futures fell 14 cents to $82.26 a barrel around the same time.

The prices of Brent and WTI gained more than 5 percent last week following attacks on UAE tankers in the Strait of Hormuz and on Saudi Aramco’s Red Sea refineries.

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