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Market Impact: 0.6
Crude Prices Surge as Risks to Middle East Crude Supplies Intensify
Source: Nasdaq
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsCommodity Futures
November WTI crude surged $3.70, or 4.01%, while November RBOB gasoline gained $0.0553, or 1.66%, reaching a four-month high. Energy prices rose sharply after Iran threatened to expand the war, increasing perceived geopolitical risk to oil supply and transportation.
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