Oil hits 110 dollars on supply fears
Brent crude reached 110 dollars a barrel on Friday amid escalating Middle East tensions and concerns over Russian diesel supplies. Markets responded to regional infrastructure attacks and tightened trade flows, prompting international energy agencies to consider reserve releases.
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Brent Crude Oil touched $110 a barrel during Friday afternoon trade on escalating Middle East tensions and ongoing supply concerns. The benchmark settled up 3.7% at $109.86, marking its highest level since May.
