Oil prices rise over 1% in strong monthly rally
Oil prices rose by more than one dollar per barrel at the close, marking the largest monthly increase since March, amid growing concerns over global crude flows following Iranian reports of some tankers returning through the Strait of Hormuz. Brent crude increased by $1.09 to reach $90.12 per barrel, while West Texas Intermediate (WTI) rose about $1.08 to $84.67, with monthly gains of 24% and 21%, respectively.
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