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Oil prices jump sharply, to nearly $110 per barrel

NBC Business·October 16, 2026·1 min read
Oil prices jump sharply, to nearly $110 per barrel

Oil prices jumped sharply Friday to nearly $110 per barrel, their highest levels in weeks, as investors assessed the impact of both the Iran and Ukraine-Russia wars on global energy supplies. The surge reflects concerns over potential supply disruptions from ongoing conflicts in key oil-producing regions.

Read at NBC Business
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