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Global oil prices increase

Global oil prices increase

Global oil prices rose by more than 2% today, following renewed tensions between the United States and Iran. Brent crude increased by $1.89 to reach $91.11 per barrel, while U.S. West Texas Intermediate rose by $2.07 to arrive at $85.30 per barrel. This surge comes after mutual attacks between the two sides heightened concerns over global oil prices.

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