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Oil Futures Head for Record Monthly Surge Amid Supply Shock
U.S. oil futures head for a record monthly gain near 60% as supply disruptions trigger historic market volatility.
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Monday
Monday
1 news articles · 1 briefs · 0 guidesU.S. oil futures head for a record monthly gain near 60% as supply disruptions trigger historic market volatility.
Oil prices surged toward $120 per barrel as the conflict involving Iran intensified fears of supply disruptions through the Strait of Hormuz. Global equity markets fell sharply as energy costs spiked.
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