Oil prices increase slightly

Oil prices rose by about one percent amid escalating geopolitical tensions in the Middle East and a decline in U.S. crude inventories. Brent crude reached $92.29 per barrel, while West Texas Intermediate traded at $88.97. This followed a rebound from the lowest levels since April and May, driven by American airstrikes on Iranian targets and an eighth consecutive week of declining U.S. oil stocks, which fell by 9.12 million barrels.

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