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Commodities

WTI Crude Oil Price Surges Amid Escalating Middle East Tensions

Guavy AI Editorial Team
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Oil
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The price of USOIL (WTI) crude oil has risen nearly 5.79% to $101.265 per barrel, marking a significant increase in recent days.

This surge follows escalating tensions in the Middle East, which have raised concerns over supply disruptions and volatility in the global energy market.

TD Securities' commodity strategists Ryan McKay and Bart Melek noted that WTI Crude continues to grind higher as conflict with Iran shows no sign of resolution.

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