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Oil held a gain as a flare-up in attacks from Russia to the Middle East threatened supply that only recently recovered to near pre-war levels.
Crude oil traded near $95 per barrel on Thursday after rallying for five straight sessions, underpinned by escalating hostilities in the Middle East and Eastern Europe that heightened concerns over supply disruptions.A container ship sank in the Strait of Hormuz on Wednesday after being hit by unid…
The weakness in the oil market following President Trump’s announcement of an energy ceasefire between Russia and Ukraine was short-lived.