Brent crude oil hits $100 a barrel for first time since July

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Brent crude oil prices have surged, crossing the $100 per barrel threshold for the first time in two months. This price increase marks the first time Brent has reached this level since July. The spike in oil costs is directly linked to the escalating conflict in the Middle East, which has triggered market volatility. Traders are reacting to the geopolitical instability, driving the cost of the global benchmark crude oil back above the critical hundred-dollar mark.
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