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Commodities

Oil Prices Surge Amid Middle East Conflict Fears

Guavy AI Editorial Team
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Oil
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Oil prices have continued to rise due to escalating tensions in the Middle East, which are fueling concerns over potential disruptions to global oil supplies. According to Qazinform News Agency, Brent crude futures have risen 0.35% to $97.34 a barrel, reaching their highest level since late July. U.S. West Texas Intermediate (WTI) gained 1.26% to $92.63 a barrel.

The latest gains reflect growing market concerns that escalating tensions in the region could further tighten global oil supplies. Earlier, Qazinform reported that OPEC+ kept Kazakhstan's October oil target unchanged.

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