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Wednesday, January 8, 2025

Oil prices rise above $100 a barrel as Biden fails to secure an oil output deal with Saudi Arabia

Oil prices rose Monday as supply pressures brew following President Joe Biden’s visit to Saudi Arabia. The Brent crude, global benchmark rose 2.69% to $103.79 a barrel — set for its biggest one-day rise since early July. Last week, it dropped for a fifth straight week, under pressure from concerns …

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