Oil Nears 100 Dollars as Middle East Tensions Rise
Brent crude rallied toward 100 dollars a barrel on Wednesday as escalating Middle East conflicts fueled inflation concerns. Asian stock markets remained largely subdued while the Japanese yen strengthened amid expectations of faster interest rate hikes.
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Brent Crude Oil rallied towards $100 per barrel on Wednesday morning, pushing up to $99.02 a barrel as Middle East conflicts intensified. The surge kept Asian equity markets subdued amid growing inflation concerns ahead of key macro releases.
