Hammond Brent nears $110 amid Middle East tensions
On Friday, Brent crude oil prices rose to nearly $110 per barrel, marking the highest level since May, amid escalating tensions in the Middle East and concerns over potential reductions in oil supplies. Brent crude increased by $3.94 or 3.7% to reach $109.86, while West Texas Intermediate futures climbed by $3.44 or 3.5%.
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