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Crude holds near $110 per barrel as Middle East tensions keep supply concerns alive

Started 20 Oct, 01:43 1 events Updated 20 Oct
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latest: 20 Oct
  1. Economic20 Oct, 01:43

    Crude holds near $110 per barrel as Middle East tensions keep supply concerns alive

    Washington, United States

    Currently hovering around $110 a barrel, oil prices are influenced by escalating geopolitical tensions involving Russia and Saudi Arabia. Washington's recent move to relax restrictions on Russian energy exports has shifted market impressions. Attacks claimed by Yemen's Houthis on Saudi facilities have further heightened stability concerns. As a result, prices remain resilient above $100, prompting traders to carefully evaluate the ramifications for global energy security.

    Times of India – World

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