Oil gains as gold falls on dollar strength
Oil prices rose slightly amid geopolitical tensions in the Middle East and growing concerns over supply shortages. Brent crude increased by 0.28% to reach $102.60 per barrel, while West Texas Intermediate rose by 0.29% to $93.14. Meanwhile, the price of gold declined by 0.4%, nearing a full weekly loss of around 3%, due to the strength of the dollar and rising U.S. Treasury bond yields, which reached their highest levels since 2002.
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