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The price of Brent crude oil approached $100 a barrel on Tuesday, reaching its highest level since September 2014, amid rising tensions between Russia and Ukraine, before retreating to the $98 level.
Currently, the price of Brent crude oil stands at $98.25 a barrel, up $2.86 or 3% from Monday's price.
US crude oil (WTI) is strengthening at 94.99 dollars a barrel, an increase of 3.92 dollars or 4.30%.
(CNA)
CNA
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