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Oil on track for record monthly surge as Gulf turmoil rattles markets

1 min read
Source: Investing.com
TL;DR

Brent crude rose about 2% and was set for a record monthly gain as Gulf tensions threaten supply through the Strait of Hormuz, with U.S. crude near $101 a barrel; global stocks wobbled with Asia slipping while Europe and U.S. futures edged higher. Inflation concerns and upcoming data kept investors wary, and gold rose as a safe haven, with analysts warning that a prolonged closure of the Strait could push oil higher toward fresh highs.

Topics:businessworld#brent-crude#gulf-tensions#markets#oil-prices#strait-of-hormuz#world
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  3. Oil prices rise with Brent heading for record monthly surge as Iran war enters fifth week  CNBC
  4. Oil prices jump, stocks edge higher ahead of U.S. market open as Iran war rounds one month  NBC News
  5. Oil prices rise as Iran war escalates with Houthi attacks on Israel  Axios

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