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Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
On Monday, Brent crude oil futures eased 1.5% to $100.74 a barrel and West Texas Intermediate crude slipped 1% to $90.16 a barrel.
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