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Oil Prices Surge Amid Middle East Supply Concerns, Global Markets React

Summary

Crude oil prices surged by 4% today, hitting $95 per barrel amid escalating tensions in the Middle East. The rise follows reports of potential supply disruptions from key producers

Crude oil prices surged by 4% today, hitting $95 per barrel amid escalating tensions in the Middle East. The rise follows reports of potential supply disruptions from key producers. Bloomberg reports that Brent crude added $3.60, marking its highest level since December 2025. Analysts warn that sustained volatility could impact global inflation and energy costs. Commodity markets worldwide responded with increased trading volumes as investors reassess risk. The situation remains fluid, with OPEC scheduled to meet next week to discuss production strategies.
Feb 17Verified by Kanchan
Oil Prices Surge Amid Middle East Supply Concerns, Global Markets React

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