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Back Fundamental analysis
Oil Returns to Growth for Explainable Reasons
Oil prices showed significant growth today,
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Oil prices showed significant growth today, driven by US President Donald Trump's decision to reject Iran's retaliatory measures regarding the proposal to end the war in the Middle East. This decision effectively prolonged the closure of the Strait of Hormuz, a vital maritime route for oil transportation.Brent crude futures surged by 4.6%, reaching $105.99 per barrel. Meanwhile, West Texas Intermediate (WTI) crude traded around $100 per barrel.President Trump stated on social media that Iran's retaliatory measures were "absolutely unacceptable." The
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Miroslaw Bawulski,
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