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USO, BATL, TPET Jump As Brent Tops $100 For First Time Since May: Gulf Nations Reportedly Racing To Build Pipelines Around Hormuz
Oil prices surged as escalating tensions in the Middle East fuel concerns over potential disruptions to global energy supplies, reigniting worries about inflation and reinforcing expectations that interest rates could remain higher for longer.At the time of writing, Brent crude futures expiring in…