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Brent Hits $108 as Saudi Pipeline Shutdown Deepens Supply Fears
What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Brent crude hit $108 per barrel earlier today, following the latest escalation in…
AI Summary
Brent crude rose to $108 per barrel earlier in the day amid escalating tensions in the Middle East, then fell to $107.22 per barrel when the article was written. West Texas Intermediate was trading at $102.66 per barrel at that time. The price movement reflects concerns about supply disruptions linked to the region’s instability. No further actions or forecasts are mentioned.
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