Gold rises further; oil near peak levels
Oil prices remain steady today with no significant changes, despite marking a second consecutive week of gains due to tensions between Washington and Tehran, which heighten fears of disruptions to Middle Eastern supplies. WTI crude dipped to $86.40 per barrel, while Brent crude fell to $93.51, after earlier increases, reaching their highest levels since July 2026. The gains reflect ongoing market concerns about how tensions could impact oil supplies from key producers in the region, especially following the failure to resume negotiations between the United States and Iran.
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