Oil prices climb on supply worries

Oil prices rose today amid concerns over disruptions in Middle Eastern supplies, despite American crude inventories increasing by approximately 9.1 million barrels for the week ending August 7. Brent crude gained $1.10 to reach $90.01 per barrel, while West Texas Intermediate rose 71 cents to $83.91. These increases follow gains of over 5 percent on Monday, reflecting regional tensions and their impact on the oil market.

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