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WTI Crude Surges Toward $91 as Middle East Conflict Disrupts Hormuz Shipping

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The Story

News Summary

  • Crude oil jumped near one-month highs around $91 per barrel amid escalating US-Iran military strikes.
  • Reduced vessel transits through the Strait of Hormuz raised supply disruption concerns, outweighing higher Iraqi exports and comments suggesting the conflict may be brief.
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Stored market data

WTI price history

101.44 +67.34% over the displayed period

Advisor Snapshot

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