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$101.59 per barrel, the price of Brent crude, Bloomberg reports The price of Brent crude has once again risen above $100, reaching $101.59 per barrel. The daily increase was 10%, Bloomberg states. Oman has moved all ships away from its key expor...
...t terminal outside the Strait of Hormuz, while two tankers were attacked in Iraqi waters. The escalation of the conflict in the Middle East has overshadowed the record release of strategic oil reserves carried out by member states of the International Energy Agency in an attempt to contain rising oil prices. Goldman Sachs warns that oil prices could exceed the 2008 peak of $147.50 per barrel. In The Economist’s view, the United States has extremely limited capacity to counter the energy cr...