Oil rises past $105
Oil prices have risen significantly above $105, supported by escalating geopolitical tensions in the Middle East and concerns over disruptions to global energy supplies, especially following attacks on Saudi Arabia. Brent crude increased by 1.03% to reach $105.86, while U.S. Texas WTI rose by 1.07% to $92.90, as markets await political and military developments, including expectations of increased Russian supplies and their impact on prices. Oil prices remain vulnerable to changes depending on security developments and the level of shipment flows, with ongoing uncertainty in the global oil market.
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