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International Business Times
International Business Times
Science
Emeline BURCKEL

Climate Change Risk Stirs Oil Market

Homes devastated by Hurricane Beryl, just the latest extreme weather event to boost oil prices (Credit: AFP)

From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices, just as the world is struggling to shift away from high-polluting fossil fuels.

Hurricane Beryl became the latest weather phenomenon to jangle market nerves, boosting crude prices as it passed through Texas earlier this month.

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