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- Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
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Oil company earnings underwhelm despite crude price flirting with US$85 a barrel. Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher.
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