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Oil prices climbed sharply on Friday amid Middle East supply concerns, with Brent settling at $109.86 and WTI at $101.41, as markets tracked geopolitical risks and fuel supply efforts.
УНН Economy ✎ Brent rose by 3.7% and reached $110 per barrel for the first time since May. Analysts raised the risk of escalation in the Persian Gulf to 65%.
Oil, fundamental analysis Confirmed attacks on vessels and reduced traffic, along with a large hurricane-related inventory draw, rallied crude prices this week. WTI’s High...