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Market Impact: 0.62
Crude Oil Skyrockets Amid Expansive Supply Disruption Concerns
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarTrade Policy & Supply Chain
Crude oil prices surged for a second consecutive session after Saudi Arabia shut its East-West pipeline on Friday, heightening concerns over regional supply disruption. The cancellation of talks between Gulf Cooperation Council members and Iran added geopolitical risk, supporting further gains in oil prices and potentially affecting energy-sector assets.
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