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Oil Prices Rise More than 1% as Middle East Crisis Escalates
Traders priced in a higher risk premium as shipping through the Strait of Hormuz slowed and Russian port disruptions tightened global supply.
Summary by CNBC
5 Articles
5 Articles
President of the United States, Donald Trump, also said he can resume negotiations with Iran "at some point," but not now
·São Paulo, Brazil
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Oil prices hovered near three-week highs. Uncertainty surrounding the Strait of Hormuz and supply disruptions are supporting the market. US inventory data will closely guide the market today. Market Summary: Oil prices rose to three-week highs due to uncertainty surrounding the Strait of Hormuz and supply disruptions. Brent crude futures rose 0.85% to $91.79 a barrel; as of 09:48 GMT, WTI futures were up 1% at $85.79. Brent reached its highest l…
·Türkiye
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Brent reached its highest level since July 30, and WTI peaked from July 31.
·Mexico City, Mexico
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Total News Sources5
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
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