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Commodities

Oil Prices Rebound Amid Ongoing Middle East Tensions

Guavy AI Editorial Team
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Oil
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Global oil prices have made a slight comeback on Wednesday after experiencing a 10 percent slump earlier in the week. The market is closely watching ongoing developments in the Middle East.

In early morning trading, Brent crude futures for October delivery rose by 1.34 percent to reach $80.42 per barrel. This marked a rebound from previous losses.

The U.S. counterpart, West Texas Intermediate (WTI) crude for September delivery, also climbed by 0.70 percent to trade at $76.30 per barrel.

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