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Home›Commodities›Energy›Brent crude closes above $101 as Persian Gulf fighting…

Brent crude closes above $101 as Persian Gulf fighting escalates

CNBC World reports that rising U.S. Iran tensions are renewing fears of additional Middle East supply disruptions.

Reported · Written up by our desk · Energy

Brent crude oil rose to its highest closing level since May, topping $101, as escalating fighting in the Persian Gulf heightened concerns about further disruptions to Middle East energy supplies.

CNBC World said Wednesday that the latest gains extended amid worries over supply impacts tied to growing tensions between the United States and Iran.

Latest closeWTI crude $97.01 ▲4.3%|Brent $102.05 ▲4.2%

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Sources

CNBC WorldBrent crude oil tops $101 to close at highest level since May as fighting escalates in Persian Gulf

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