Oil Prices Surge to Four-Month Highs as War Risks Mount
Crude oil prices extended their climb this week, reaching the highest since May as hostilities in the Gulf continue and the prospect of peace gets even more remote. At the time of writing, Brent crude was trading at $107.86 per barrel, and West Texas Intermediate was changing hands for $102.28 per barrel. Earlier in the week, Brent topped $108, and WTI was trading at over $103. Benchmarks have…
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