NewzThe price of West Texas Intermediate (WTI) crude oil rose by 2.71% on Thursday, reaching 88.16 dollars per barrel at the market opening in New York. The increase follows an announcement by United States President Donald Trump regarding a new economic offensive.
Market analysts attribute the upward trend to heightened tensions in the Middle East. The shift in oil pricing reflects investor response to the geopolitical climate and the potential economic implications of the administration's latest policy measures.
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