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WTI Oil rallies above $81 as Middle East tensions threaten global Oil supplies

West Texas Intermediate (WTI) trades around $81.10 at the time of writing on Friday, up 2.76% on the day, and is heading for a weekly gain of more than 13% as geopolitical tensions in the Middle East continue to escalate.

FXStreet β€” Commodities Jul 17, 2026 1 min read

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