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ECONOMY

Middle East Tension Drives Oil Prices Up

Middle East tensions boost oil prices. Brent hits $94, WTI reaches $91 per barrel.

Jack Scott
ByJack Scott- Senior Editor
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0
Middle East Tension Drives Oil Prices Up
Photo: Prepared by Bond.az

Renewed escalation of conflict in the Middle East is pushing global oil prices higher.

According to Interfax, Brent crude futures for August on London's ICE exchange rose by $0.91 (0.98%) to $94.01 per barrel.

On the New York Mercantile Exchange (NYMEX), WTI crude futures for July increased by $1.08 (1.2%) to $91.11 per barrel.

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