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Oil prices climb 4% to $107
Global oil prices rose by approximately 4%, with Brent crude reaching $107.18 per barrel and West Texas Intermediate increasing to $95.82. Brent achieved its highest level since mid-September, while West Texas was close to breaking a seven-session decline. These increases come amid escalating geopolitical tensions in the Middle East and ongoing negotiations between the US and Iran regarding energy supplies. Additionally, diesel prices hit record highs, followed by consultations between the European Union and the US to discuss measures to ban American diesel exports. These developments are impacting oil prices and market stability expectations in the coming period.
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