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WTI Dips Below $100 as Escalating US-Iran Tensions Fuel Supply Risks

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The Story

News Summary

  • WTI crude slipped below $100 in a technical correction but maintained strong weekly gains amid escalating US-Iran tensions.
  • Prolonged geopolitical supply disruption risks, an August drop in OPEC output, and downgraded Russian production projections continue to support prices despite downward revisions to long-term demand growth.
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WTI price history

101.21 +70.27% over the displayed period

Advisor Snapshot

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