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US market closure slightly boosts oil
Oil prices rose modestly today, Friday, ahead of a long weekend in the United States, amid cautious optimism regarding peace efforts between the US and Iran. Brent crude futures increased to $72.10 per barrel, while West Texas Intermediate (WTI) crude rose to $68.83. The market also reflects increased production in Kuwait to 1.65 million barrels per day and the halt of Saudi oil exports through the Strait of Hormuz, amid geopolitical tensions.
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