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Crude oil price

Oil prices are rising on Thursday and may continue to increase due to escalating geopolitical tensions and the upcoming significant monthly report from OPEC.

On the geopolitical front, US intelligence predicts increased attacks from Iran on Israeli or US assets in the Middle East following Israeli attacks in Damascus.

Additionally, Iranian-backed Houthi rebels in Yemen are once again targeting ships in the Gulf of Aden and have launched an attack on a US destroyer.

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