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WTI Surges Past $91 as Middle East Conflict Escalates Supply Fears

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The Story

News Summary

  • Crude oil surged over 9% this week to trade near $91.20 per barrel amid escalating Middle East conflict.
  • Direct military exchanges between the US, Israel, and Iran, coupled with threats targeting energy infrastructure and Strait of Hormuz shipping, are severely stoking supply disruption fears.
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Stored market data

WTI price history

102.79 +73.66% over the displayed period

Advisor Snapshot

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