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Oil: rising prices

02/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Due to the escalation of tensions in the Middle East, oil prices have increased by more than $1.

Brent futures will resume at 0000 GMT on Wednesday. Brent rose $1.86, or 2.6%, on Tuesday to reach $73.56 per barrel. The price of West Texas Intermediate (WTI) oil rose $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of disruptions in oil supplies in the Middle East after Iran fired ballistic missiles at Israel. Iran's oil production reached its highest level in six years, at 3.7 million barrels per day in August

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