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Article Summary
- Oil prices are set for a weekly gain due to rising war premium
- Geopolitical tensions in the Middle East are impacting oil prices
- Concerns over supply disruptions are contributing to the increase in prices
- OPEC+ production cuts are also supporting higher oil prices
- The global oil market is experiencing volatility Tone: Informative and analytical
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Oil Prices Set For Weekly Gain As War Premium Jumps
Crude oil prices extended their gains today and were set to end the week higher after Russia shot a new kind of ballistic missile at Ukraine in the latest sign that the escalation there continues. The strike, featuring a hypersonic medium-range missile that has not been used before in warfare, came in response to a Ukrainian attack with U.S. and British ATACMS missiles on Russian territory. There ...
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