Oil prices spike as G7 enforces Russian export price caps, Israel-Hamas war continues
October 13, 2023Oil prices jumped as much as 5% on Friday amid the Israeli-Hamas war and a clampdown by the US on Russian crude export price caps.
On Friday afternoon, West Texas Intermediate (CL=F) and Brent International (BZ=F) were trading 5% higher at around $87 and $90 per barrel, respectively.…
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