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StanChart Warns Oil Is Now Built for Sharper, More Frequent Spikes
Oil prices hit nearly $110 per barrel on Thursday for the first time since July, with no end in sight for the Middle East conflict. The IRGC announced on Wednesday that it had attacked and heavily damaged eight oil tankers and two U.S.
Summary
Oil prices briefly approached $110 as hopes for a quick U.S.-Iran resolution faded, with Standard Chartered expecting continued volatility and increasingly sharp upside price spikes.
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