Oil prices rise as supply concerns grow
Oil prices rose on Wednesday, supported by concerns over energy supply in the Middle East, with Brent surpassing $110 and West Texas Intermediate reaching $99. This came after U.S. crude inventories fell by about 4.9 million barrels during the previous week. The rise occurs amid growing worries about disruptions in maritime shipping and the potential escalation of regional tensions, despite hopes for an uncertain settlement between the United States and Iran.
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