Oil Prices Rise Again As Concerns About Middle East Conflict Escalate

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Oil Prices Rise Again As Concerns About Middle East Conflict Escalate
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Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.

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Crude oil prices rose again Wednesday as traders priced in heightened concerns about violence in the Middle East.International benchmark Brent crude rose 2.7% to about $75.50 per barrel by midmorning, while U.S. benchmark West Texas Intermediate climbed 3% to $72 per barrel.

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