Oil prices rose on international markets as escalating hostilities in West Asia prompted investor concerns about potential disruptions to energy supplies. Brent crude futures increased 99 cents, or 1.2 percent, to reach $85.72 per barrel, while West Texas Intermediate futures gained 64 cents, or 0.8 percent, to close at $79.98 per barrel.
The price movements reflect market sensitivity to geopolitical tensions in a region that represents a significant portion of global oil production and shipping routes. Heightened regional conflict typically raises concerns among traders about potential supply interruptions, leading to increased crude valuations as a precautionary measure.
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