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Renewed Geopolitical Tensions Lift Oil Prices

Oil prices remained firm on Monday, after strengthening to highest in 3 weeks last Friday. Currently trading at 51.9, the front-month WTI crude oil contract gained +1.68% last week. The Brent contract, hovering about 57.8 at the time of writing this report, was up +1.64% last week. Geopolitical tensions have heightened concerns over Middle East exports.

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Renewed Geopolitical Tensions Lift Oil Prices

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