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المشهد العربي
Oil prices rise on diplomatic and OPEC+ outlook
Oil prices rose during Thursday's trading session, as investors awaited developments in diplomacy between the United States and Iran and hoped for de-escalation in the Middle East. The increase came after both benchmark oils gained about one dollar per barrel on Wednesday, with September monthly gains of 14% for Brent and less than 5% for U.S. crude. It is expected that the OPEC+ coalition countries will maintain their current production levels in November at their upcoming meeting, which supports market stability. U.S. oil inventories increased by 922,000 barrels, contrary to expectations of a decline, and both Brent and WTI contracts surged by more than 2% today.
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