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Oil Prices Rise amid Middle East Supply Concerns

Oil Prices Rise amid Middle East Supply Concerns

Oil prices rose today on concerns that tensions in the Middle East could hit regional supply, while a major hurricane loomed over the United States, the world's biggest crude producer. Brent crude futures for November were up 21 cents, or 0.3 %, at $74.11a barrel. US WTI crude futures for November rose 24 cents, or 0.3%, to $70.61. Both crudes closed lower yesterday amid concerns about demand. Source: Oman News Agency