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Crude Nears $100 as Middle East Hostilities and Saudi Outages Threaten Supply

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

News Summary

  • Brent crude neared $100 and WTI jumped to $94 following escalating Middle East hostilities, including Saudi facility shutdowns from Houthi strikes and US strikes disabling Iranian tankers.
  • Growing supply deficit concerns and transit risks prompted Goldman Sachs to raise price targets across both benchmarks.
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104.61 +64.07% over the displayed period

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