Oil Price Today Surges Above $97

2 weeks ago 48

Oil barrels next to a rising chart line juxtaposed with a cracked Bitcoin coin under a falling red arrow.

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Brent crude oil rose to $97.29 a barrel, its highest level in six weeks, as renewed U.S.-Iran fighting and threats to Iranian energy infrastructure increased supply concerns. Falling U.S. inventories and tight refined-product markets added pressure. Higher oil prices are raising inflation concerns and could strengthen expectations for further interest-rate hikes. Analysts warn Brent could …

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