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Commodities

Oil Prices Soar Again Amid Middle East Supply Concerns

Guavy AI Editorial Team
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Oil
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Oil prices have surged to $103 per barrel again as concerns over Middle East supply disruptions intensify.

The rise in oil prices comes after reports of increased US military deployments to the region and fresh restrictions on Chinese fuel exports.

Brent crude climbed beyond $100, while WTI crude was trading at $92.96, up 9 cents or 0.10%.

The moves came after a sharp rally in the previous session, with Brent gaining more than $4 and WTI rising by over $2.

US President Donald Trump weighed whether to resume strikes on Iran after the US midterm elections, saying 'Now I have to make a decision. They'll either sign a very fair deal, or they won't exist any longer.'

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