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Crude Prices Surge on Possible Escalation of US-Iran War

Source: Nasdaq

Energy Markets & PricesGeopolitics & WarCommodity FuturesTransportation & Logistics

November WTI crude rose 5.14% (+$4.54) and November RBOB gasoline gained 4.52% (+$0.1462) amid signs of possible escalation in the U.S.-Iran conflict. The article also cites surging freight costs for shipping crude oil, but the text ends before providing further details.

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