Oil Mixed as WTI Hits Two-Week High

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Crude oil futures prices on the New York Mercantile Exchange rose for the fourth consecutive trading day on the 13th, with the benchmark West Texas Intermediate (WTI) November delivery closing at $94.14 per barrel, up $0.40 from the previous day.

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Oil prices rose more than two percent on heightened supply concerns following new attacks in Ukraine and the Middle East. Brent North Sea crude topped $107 a barrel, hitting its highest level in more than two weeks, while U.S. WTI crude rose to more than...

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Markets fear supply disruptions, and attacks on tankers in the Strait of Hormuz bring additional uncertainty.

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Host: Zheng Jiale; Guest: Lu Churen, Independent Forex and Commodities Analyst; Market Focus: New York crude oil futures rose as much as 2.73%, closing up 2.06% at 93.

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WTI oil closed up $1.89, or 2.06%, at $93.74 per barrel, while Brent rose 1.84% to close at $106.65, amid tensions in the Middle East and uncertainty over a halt to attacks on Russian-Ukrainian energy infrastructure. The post WTI oil closes up $93.74 amid Middle East tensions appeared first on Business Online Stock News.