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Global Business News

The Economic Times

Global Business / The Economic Times

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Oil prices rise as storms and air strikes threaten supply

As a storm approaches key oil-producing areas in the US and tensions heighten in Saudi Arabia, oil prices are on the rise. The impending storm threatens to disrupt both production and refining processes, potentially affecting large quantities of crude oil and natural gas. Additionally, dwindling US crude and gasoline inventories contrast with a minor increase in distillate stocks.

7 Oct 2026 7:22 am