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Home›Commodities›Energy›U.S. crude tops $90 as Middle East tensions escalate

U.S. crude tops $90 as Middle East tensions escalate

Oil prices turned volatile after the U.S. carried out an attack on Iran and Tehran reportedly struck U.S. allies in the region.

Reported · Written up by our desk · Energy

Oil prices rose sharply Wednesday, with U.S. crude pushing above $90 amid intensifying Middle East tensions, according to CNBC Markets.

The move comes after the U.S. attacked Iran and Tehran reportedly retaliated by striking U.S. allies, including in Kuwait, Jordan, and Bahrain.

CNBC Markets reported that the market response was volatile, reflecting uncertainty around how far the escalation could spread across the region.

Latest closeWTI crude $90.79 ▲5.9%

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Sources

CNBC MarketsU.S. crude tops $90 as Iran retaliates with strikes on Kuwait, Jordan and Bahrain

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