Brent crude exceeds $105

Oil prices rose for the second consecutive day amid ongoing fears of supply disruptions from the Middle East due to the US-Iran conflict, despite signs of recovery in regional crude exports. Brent crude increased by 63 cents to reach $105.91 per barrel, while US West Texas Intermediate rose by 72 cents to $93.32. Prices are experiencing a strong upward trend as tensions escalate, with Brent heading for its biggest weekly gain since mid-July, amid concerns over the conflict's impact on global oil supplies.

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