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Oil prices has risen significantly, with the price of a barrel of Kuwaiti oil reaching $90.26 after an increase of $1.85, according to the Kuwait Petroleum Corporation. Forward contracts for Brent crude also increased by $2.16 to reach $93.78, while U.S. West Texas Intermediate futures rose by $2 to $87.83. This upward trend reflects the performance of the oil market amid expectations of continued high price levels.
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