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Oil prices: Volatility increases on geopolitical tensions - London Business News | Londonlovesbusiness.com

The oil market faces high volatility due to geopolitical factors and unexpected supply data, with WTI experiencing significant price declines.

The price of WTI oil opened above $74.70 but fell to around $72.00 amid volatility and concerns over OPEC+'s increased production plans.

Business

The recent rise in WTI crude prices reflects sanctions impacting supply and market dynamics, potentially influenced by political changes.

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