Oil Prices Climb to $106
Oil prices fluctuated between rise and fall, with Brent crude reaching $106.82 per barrel and West Texas Intermediate at $93.72. Concerns grew over a potential supply shortage following attacks on Saudi Arabia, while the U.S. President praised Russian diesel exports. Goldman Sachs raised its December Brent price forecast to $90, expecting higher average prices in the coming months. Meanwhile, major oil companies are working to restore production after Hurricane Ida in the Gulf of Mexico.
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