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Oil Prices Surge as US-Iran Tensions Escalate Supply Risks

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

News Summary

  • VanEck Oil Refiners ETF (CRAK) reached a 52-week high, surging 75.4% from lows.
  • The rally is supported by escalating US-Iran geopolitical tensions and retaliatory strikes, which have heightened crude oil supply risk and driven energy prices higher.
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BRENT price history

104.61 +64.07% over the displayed period

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