Oil prices fluctuated on Friday, poised to end the week above the $100 a barrel mark for the first time since May. U.S. diesel prices surged to a record high amidst escalating global tensions. Brent crude futures dipped by $1.65 to $105.98 a barrel, while U.S. West Texas Intermediate crude fell by $1.36 to $101.12 a barrel, after reports emerged of discussions among Middle Eastern foreign ministers on managing shipping through the Strait of Hormuz. The supply disruption fears were amplified as Iran reported attacking ships near the Strait of Hormuz, further intensifying concerns over oil supply. This, coupled with…
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