2 Days
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Sharjah24
Oil prices climb after Iraq attack
Oil prices rose by more than 3% today, Wednesday, amid escalating tensions in the Middle East following American and Saudi strikes in Iraq and the interception of an Iranian missile attack on American forces. This situation led to a decrease in U.S. oil inventories by 3.3 million barrels during the week. The price of a barrel of Brent crude reached $87.13, with official inventory data expected to be released later. The price increases come amid military escalation resulting from attacks targeting oil facilities, and growing concerns over energy supplies in the region.
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