Brent crude rises above $110 amid Middle East supply and shipping concerns
Oil prices climbed as worries grew over possible disruptions to Middle East supplies and threats to key shipping routes. Recent attacks on vessels and infrastructure have intensified concern among traders and analysts. Brent crude futures rose to $110.10, while WTI crude also gained after earlier declines. US officials are reportedly working with refiners to manage rising fuel prices and possible shortages.
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