Oil Prices Extend Gains Amid Inflation Concerns

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Oil Prices Extend Gains Amid Inflation Concerns

Washington, September 03 (QNA) – Oil prices continued to rise in US markets on Thursday, with Brent crude, the international benchmark, up 0.6% at $96.23 a barrel, while West Texas Intermediate (WTI) gained 1.2% to $92.12.

The sustained rise in oil prices in recent days has added to inflationary pressures and contributed to heavy selling in the bond market earlier this week. (QNA)