Crude oil prices are approaching the significant $100 per barrel mark, reaching their highest levels in weeks following fresh strikes in the Middle East. Brent and U.S. WTI crude futures have both hit recent peaks as supply disruption fears intensify in the Gulf region. Market participants are increasingly pricing in geopolitical instability as a key risk factor for oil prices. This movement underscores the sensitivity of global oil markets to geopolitical tensions and the potential for continued price volatility.
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