NEW YORK: U. S. crude oil prices surged above $85 a barrel on Wednesday for the first time since June 12, as escalating military clashes between the United States and Iran stoked deep market fears of widespread Middle East supply disruptions. West Texas Intermediate (WTI) crude futures rose $0. 86, or 1. 02%, to trade at $85. 41 per The post US crude breaks $85 for first time since June as Iran war intensifies appeared first on MM News.
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