Oil gains over 1% amid attacks and negotiations
Oil prices rose by more than 1% today, fueled by attacks on oil tankers and a lack of progress in ceasefire talks between the United States and Iran. The price of Brent crude closed at $88.52 per barrel, up by 1.67%, while West Texas Intermediate reached $82.40, an increase of 1.42%. Weekly gains are expected to reach 6% for Brent and 5.4% for West Texas Intermediate, amid escalating regional tensions.
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