The US benchmark oil contract for West Texas Intermediate (WTI) surged to a six-month peak today amid concerns that diplomatic discussions between the US and Iran may not prevent a potential conflict that could disrupt oil supplies. WTI prices jumped by 2.2% to reach $66.62 per barrel, reaching their highest point since August. Concurrently, Brent crude, the global benchmark, also saw an increase of 2.0%, reaching $71.76 per barrel.
“WTI Hits 6-Month High Amid US-Iran Conflict Tensions”
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