Oil reaches one-week peak above 106
Oil prices surged during Thursday's trading, with Brent futures rising to their highest level since September 17 at $106.33 per barrel, up 3.15%. WTI crude prices reached $94.56, an increase of 2.6%. This rise followed an initial dip in prices amid ongoing geopolitical tensions in the Gulf region, which remain a key factor in market volatility. Investors are also closely watching political and security developments that could impact oil supplies and shipping routes.
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