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Brent crude jumps 7%, climbs over $90 on escalating Middle East strikes
Oil prices surged significantly amid renewed Middle East airstrikes and supply concerns. U.S. crude inventories dropped to a multi-year low, further impacting market sentiment. Military actions in the Strait of Hormuz and surrounding regions contributed to price volatility. Analysts predict oil prices will fluctuate within a broad range in the near term. OPEC+ is expected to maintain current oil output levels for upcoming months.
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timesofindia.indiatimes.com
Crude prices climb over 4% as renewed Middle East tensions, inventory draw fuel supply fears
Oil prices rebounded sharply on Wednesday, reversing part of the previous session's steep decline, as renewed tensions in the Middle East reignited concerns over global crude…
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oilprice.com
Oil Prices Surge on Fresh Middle East Strikes and API Crude Draw | OilPrice.com
Oil prices rebounded sharply after renewed military action in the Middle East and a larger-than-expected draw in U.S. crude inventories reignited supply concerns.
