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Business24 July 2026

Crude oil hits two-month high as tensions flare

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Crude oil prices surpassed 100 dollars per barrel after two months amidst the re-escalation of the Middle East crisis.

Accordingly, as at 9 AM today (24), the price of a barrel of Brent crude oil was recorded at USD 101.

The price of a West Texas Intermediate (WTI) crude oil barrel also rose to USD 92.12.
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