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Commodities

Oil Prices Soar Past $100 as Global Markets Wobble

Guavy AI Editorial Team
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Oil
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The price of oil has risen to $99.85 per barrel as of September 8, 2026, according to recent data from Fortune.

This marks an increase of 79 cents from yesterday morning and a significant rise of over $33 from the same period last year.

Brent crude oil is used as the benchmark for global oil prices, and its value has been affected by various factors such as wars, supply cuts, and economic downturns. Historically, oil prices have experienced spikes due to geopolitical events and crashes during global recessions or an oversupply of oil.

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