Oil Prices dip as traders anticipate Middle-East developments
<p>New York: Oil prices rose today as markets awaited the outcome of efforts to ease tensions in the region and the prospects for the resumption of oil flows through the Strait of Hormuz.</p> <p>Brent crude futures rose $3.09, or 3.89%, to $82.54 a barrel. US West Texas Intermediate (WTI) crude futures gained $2.49, or 3.31%, to $77.71 a barrel.</p> <p>Prices had fallen by about 8% this week…
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