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Oil market faces uncertainties after Iranian president’s death
Crude oil prices on Monday started with a gain following the news of Iranian President Ebrahim Raisi’s death in a helicopter crash and Saudi Arabia’s Crown Prince Mohammed bin Salman’s visit to Japan being delayed due to the king’s illness. In early Monday trading, the price of Brent crude rose to $84.2 per barrel (bbl), while crude oil also increased to $80.1/bbl, marking a 1.34% gain for the week. US West Texas Intermediate (WTI) crude rose by $0.15, or 0.2%, to reach $80.21/bbl. At the time of writing, Brent crude oil futures fell to $83.02/bbl, marking a 1.4% decrease since Monday, and WTI futures fell to ... (full story)