Oil prices are on track for a second consecutive weekly increase, driven by ongoing tensions between the United States and Iran affecting supply lines. Brent crude is trading between $91.8 and $93.8 per barrel, with West Texas Intermediate (WTI) hovering around $84.2 to $88.3. Brent crude has risen 0.9% over the past month, reflecting market concerns about geopolitical risks. The likelihood of oil reaching a new all-time high by the end of September remains low at 3%, though the probability of a record before December 31 is estimated at 14%.
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