Oil hits three-week peak on supply concerns
Oil prices rose during today's trading to their highest levels in three weeks, amid concerns over ongoing stagnation related to the U.S.-Iran war and its impact on Middle Eastern supplies. Brent crude reached $92.82 per barrel, the highest since late July, while U.S. West Texas Intermediate (WTI) gained to $86.75 per barrel, marking five consecutive sessions of gains. This increase reflects apprehension about potential disruptions to oil supplies in the region due to regional tensions.
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