U.S. crude futures hit $103.66

U.S. crude oil futures rose to $103.66 per barrel, an increase of 2.22%, amid expectations that oil flows from the Gulf region have returned to 80% of pre-war levels, according to U.S. Energy Secretary Chris Wright. Prices remain high amid improved production and exports, with ongoing warnings of a global food price surge until 2027 and the continuing impact of the war on global oil markets.

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