Oil prices up following strong demand data, supply concerns ...Middle East

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Oil prices up following strong demand data, supply concerns
ANKARA: Oil prices surged on Thursday, driven by strong demand data from the US Energy Information Administration (EIA) and reduced output from the Organisation of the Petroleum Exporting Countries (OPEC). Despite ceasefire talks in Gaza, ongoing concerns over fuel supplies and Middle East tensions contributed to the rise, reported Anadolu.Brent crude, the international benchmark, traded at US$85.58 per barrel at 10:41 am local time (0721 GMT), marking a 0.59 per cent increase from its previous session close of US$85.08 per barrel. Meanwhile, West Texas Intermediate (WTI), the American benchmark, rose by 0.54 per cent to US$82.54 per barrel from US$82.10 per barrel previously.EIA data releas

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