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Commodities

Oil Prices Rise for Second Consecutive Session Due to West Asia Supply Concerns

Guavy AI Editorial Team
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Oil
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Oil prices have risen for the second consecutive session due to continued concerns over supply in West Asia. The region's oil producers, including Saudi Arabia and Iran, are crucial to maintaining global crude supplies.

The Brent crude price rose by $0.35 or 0.5% on Wednesday, while US West Texas Intermediate (WTI) increased by $0.45 or 0.7%. These gains follow a similar increase the previous day.

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