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Oil rises amid Middle East tensions
Oil prices rose significantly due to renewed tensions in the Middle East, especially after U.S. threats of new strikes on Iran and growing concerns over potential disruption of energy supplies in the region. Brent crude reached $91.05 per barrel, while West Texas Intermediate increased to $86.59. Meanwhile, gold prices declined by 0.3% to $4,437.10 per ounce as investors await U.S. employment data that could influence interest rate decisions, amidst expectations of a possible interest rate hike in the coming months.
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