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المشهد العربي
Oil prices rise on higher fuel demand
Oil prices rose on Wednesday, supported by increased domestic fuel consumption, amid anticipation of negotiations between Iran and Oman regarding navigation in the Strait of Hormuz. The market responded to American data showing a decline in gasoline and distillate inventories and an increase in commercial oil stocks, pushing Brent crude to $88.95 per barrel and WTI to $82.82, an increase of about half a percent.
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