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Geopolitics pushes oil higher

05:35

Geopolitics pushes oil higher
Source: Adobe Stock

Crude oil prices have risen amid renewed geopolitical tensions, though analysts expect a long-term decline. Michał Stajniak, Deputy Director of XTB’s Research Department, told ISBnews that Brent ended August near $68 a barrel and WTI at $64. The rally followed uncertainty over a possible meeting between Russian and Ukrainian leaders.

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