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WTI Crude Rallies Near $87 on Rising US-Iran Tensions & Russian Supply Shocks

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The Story

News Summary

  • WTI crude oil rallied nearly 6% this week, trading above $86, driven by escalating geopolitical tensions.
  • The US is set to impose stricter sanctions on Iran, threatening supply from the Strait of Hormuz, while Ukrainian strikes on Russian refineries tighten global fuel availability.
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Stored market data

WTI price history

100.05 +69.03% over the displayed period

Advisor Snapshot

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