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Market Impact: 0.48

Crude Prices Surge on Global Supply Risks

Source: Nasdaq

Energy Markets & PricesCommodities & Raw Materials

October WTI crude surged $4.44, or 4.38%, to a 3.75-month high on Tuesday, while October RBOB gasoline gained $0.1481, or 4.46%, to a three-week high. The second consecutive day of sharp gains reflects heightened supply-risk concerns and is supportive for energy producers, while increasing fuel-cost pressure for consumers and transportation-sensitive sectors.

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