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Oil prices surge for third consecutive week amid escalating Middle East conflict
5 articles |
Updated 4h ago |
Created 5h ago
Crude oil futures climbed to $112 per barrel as they rose a record seventh day this month, driven by renewed tensions between Israel's military campaign against Iran following the March 30 assassination of Qasem Soleimani. The escalation has intensified fears that regional instability could trigger broader conflict involving major global powers and disrupt energy supplies in Europe while oil prices continue their upward trajectory for three weeks straight on London markets this morning (Mar 24, 18:57).
Key Points
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1Oil prices on the London market rose for a third consecutive week.
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2The current price of oil is at $112 per barrel as reported by Poslovni.hr
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3Rising tensions and ongoing conflict in the Middle East are cited as drivers behind this sustained increase.
Developments
[Mar 23, 07:00]
Oil prices on London market rose for third consecutive week at $112 per barrel
[Mar 23, 06:45] (Inferred)
Israel stated it started a wave of attacks against the Iranian terrorist regime; oil prices surged again this past three weeks.