Oil reaches three-week high
Oil prices rose today, with the October Brent crude futures reaching their highest level since July 30, 2026, at $91.62 per barrel. Meanwhile, U.S. West Texas Intermediate crude futures increased to $85.54 per barrel. The increase is attributed to the uncertainty surrounding shipping activities through the Strait of Hormuz, as confidence in the safe passage through this maritime corridor remains low and investors' concerns over geopolitical risks persist, which in turn has heightened risk premiums on prices.
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