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Oil Prices Rise on Fears of Middle East Conflict Escalation

WSJ · November 07, 2026

Crude oil prices rose on Tuesday, with West Texas Intermediate gaining 0.34 percent to $90.83 a barrel and Brent crude edging up 0.03 percent to $98.32, as traders cited renewed concerns over potential supply disruptions from Middle East regional tensions. The modest gains reflected investor wariness about geopolitical risk in a key oil-producing region amid escalating conflict concerns.

Quwwaa's summary, drawn from reporting by WSJ. Read the full story at WSJ →

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