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Oil Surges Toward $110 as Hormuz Conflict Escalates and Supplies Tighten

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

News Summary

  • Brent and WTI crude surged as Middle East conflict escalates around the Strait of Hormuz with dimming ceasefire prospects.
  • Standard Chartered projects persistent price spikes and tight middle distillates, while European gas storage deficits heighten vulnerability ahead of winter.
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