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Singapore, July 23 (QNA) – Oil prices rose more than 1.5% Thursday, reaching their highest level in over six weeks, amid renewed military tensions between the US and Iran and concerns about supply disruptions.
Brent crude futures rose $1.93, or 2%, to $96 per barrel, their highest level since June 8.
US West Texas Intermediate (WTI) crude gained $1.44, or 1.7%, to $88.27 after advancing nearly 3% on Wednesday. (QNA)