Oil Prices Reach 10-Month High: What You Need to Know

Oil prices hit a 10-month high due to global supply concerns.

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– Brent: $92.14 a barrel – WTI: $88.98 a barrel – Both surged nearly 2% on Tuesday.

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– OPEC bullish on demand. – Libya's terminals closed due to a storm. – China's demand concerns.

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– OPEC's global demand growth forecast. – Supply cuts by Saudi Arabia and Russia.

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– EIA predicts declining inventories. – Brent at $93/barrel in Q4.

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U.S. crude, gasoline, and distillate stocks increased.

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Gasoline inventories increased by 4.2 million barrels.

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Distillate inventories surged by 2.6 million barrels.

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– Oil prices rise amid supply concerns. – Global factors driving daily fluctuations. – Keep an eye on market developments.

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