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Commodities

WTI Crude Oil Price Remains Near One-Week Low Amid Middle East Tensions

Guavy AI Editorial Team
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Oil
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The price of West Texas Intermediate (WTI) crude oil remains near its one-week low around $81.00, as traders await further developments in the Middle East crisis.

Following a pause in US military strikes against Iran and diplomatic efforts to resolve tensions, hopes have been raised that a resolution may be reached.

This has led to concerns about potential disruptions to global oil supplies being alleviated, which in turn could undermine crude oil prices.

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