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WTI Crude Surges Past $97 as US-Iran Escalation Threatens Persian Gulf Supply

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The Story

News Summary

  • Crude oil surged past $97 per barrel as military strikes between the US and Iran hit tankers near Kharg Island.
  • Persistent Middle East supply disruption fears, coupled with rising Chinese imports and record-low US Strategic Petroleum Reserves, are driving acute physical market tightness.
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Stored market data

WTI price history

102.66 +72.71% over the displayed period

Advisor Snapshot

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