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Market Brief: Brent Crude Returns to $100 per Barrel Amid Strikes on Tankers and Refineries
During Wednesday morning trading, the European
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During Wednesday morning trading, the European benchmark reached $100, following Tuesday's close at $98 and a test of the $99 range during the evening session. US benchmark WTI rose to $94 per barrel. Since early July, Brent had been trading around $72, bringing its year-to-date gain to over 60%. The market has fully erased its brief spring decline and moved within striking distance of the peak levels seen in the spring of 2022.The direct catalyst for the price surge was
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