Crude oil prices have increased amid escalating tensions involving Iran, while U.S. stock futures have dipped following comments from the Federal Reserve suggesting a possible rate hike. Brent and West Texas Intermediate (WTI) benchmarks have experienced volatility driven by Middle East supply risks. Market participants are cautious about potential tighter monetary policy. Crude oil market pricing implies a low probability of reaching a new all-time high by September 30, with a slight increase in longer-term speculative interest.
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