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Oil prices rose today, Friday, by about 4%, with Brent crude reaching approximately $110 per barrel for the first time since May 20. This comes amid uncertainty regarding Middle Eastern supplies and market assessments of how much diesel Russia can export worldwide. Brent futures increased by $3.94, or 3.72%, while U.S. futures rose by $3.44, or 3.51%. The market remains influenced by geopolitical tensions and expectations of supply fluctuations.
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