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WTI Crude Oil Surges on Strait of Hormuz Supply Concerns

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The Story

News Summary

  • WTI crude oil rose toward $86 per barrel, extending gains for a fourth session.
  • Supply concerns remain elevated due to escalating tensions in the Strait of Hormuz, US-Iran conflicts, and a surprise draw in US crude inventories.
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WTI price history

102.41 +72.29% over the displayed period

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