Brent exceeds $105 amid supply concerns

Oil prices rose slightly amid escalating fears of supply shortages due to disruptions in the Middle East, with Brent crude closing at around $105.28 per barrel and West Texas Intermediate increasing to $92.60. This comes amidst signs of rising oil exports from the region and improved shipping through the Strait of Hormuz. At the same time, the White House is considering easing restrictions on the sale of red diesel to help lower high fuel prices, as tensions over global oil supplies continue.

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