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Oil Prices Dip as Middle East Tensions Ease | Oakland News
Description
Oil prices dipped as U.S. and Iran paused military escalation, easing fears of supply disruption. Gas averages just over $4 a gallon, down from July’s spike amid Middle East tensions. Rising prices could hike costs for everything shipped—from sneakers to snacks. Brent crude fell nearly 5%, briefly hitting $100 a barrel last week—the highest in months. Traders remain on edge, watching how future prices evolve in this volatile dance.
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