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Crude Oil Surges Above $95 as US-Iran Clashes Threaten Energy Infrastructure

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Crude oil prices surged toward weekly gains, with Brent hitting $95.55 and WTI reaching $91.53, driven by escalating U.S.-Iran missile strikes and Israeli threats targeting Iranian energy facilities.
  • Diminishing inventory buffers and persistent risks surrounding the Strait of Hormuz continue to underpin the rally.
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