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Oil Prices Rise on US Storm and Middle East Supply Threats

Oil prices rose as a looming Gulf of Mexico storm and Middle East attacks threatened production. Brent futures gained 0.8 percent while US crude rose. Markets remain nervous over potential supply disruptions.

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Smoke rises from a fire at the Aramco refinery south of Riyadh, Saudi Arabia, October 3, 2026. Picture taken with a mobile phone. REUTERD/Stringer

Brent Crude Oil rose 81 cents, or 0.8%, to $101.39 a barrel during the morning session on Wednesday. Prices climbed as markets weighed potential supply disruptions from a developing United States storm and regional Middle East attacks. Traders are balancing immediate output risks against recovering crude flows from the region.
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