Oil prices climb amid Middle East tensions

Oil prices rose today amid ongoing tensions in the Middle East and decreased traffic through the Strait of Hormuz. Brent crude was priced at $95.36 per barrel, up 0.35%, while West Texas Intermediate reached $93.06, an increase of 0.02%. Both benchmarks are expected to post their first weekly gains in three weeks, with West Texas Intermediate climbing by more than six percent.

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