Oil Prices Climb Weekly on Supply Fears
Oil prices experienced an increase during the week from September 14 to 18, driven by concerns over potential disruptions in crude supply due to geopolitical tensions and changes in global demand levels, along with declining oil inventories. Brent crude averaged a price of $121.92 per barrel, with a low of $119.20 and a high of $124.63. Meanwhile, West Texas Intermediate (WTI) averaged $102.93, ranging from a minimum of $99.10 to a maximum of $106.75. The OPEC basket averaged $105.67 during this period.
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