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Why WTI Is Suddenly Trading $12 Below Brent

OilPrice.com
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Oil prices edge higher as Hormuz diplomacy, soaring freight costs and diesel market fears drive a widening Brent-WTI spread.

Oil prices are set for a slight 2% weekly gain, despite rumours that this week’s opening of the 2026 UN General Assembly sparked yet another diplomatic push to end Middle Eastern hostilities.

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