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Evening Standard
Evening Standard
Anna Wise

Oil prices surge on worries of shipping attacks and Gulf of Mexico hurricane

Oil Gulf Hurricane Chevron Shell
(Alamy/PA) -

Oil prices have surged and government borrowing costs have risen as supply concerns grow amid escalating fighting in the Middle East and a hurricane impacting oil producers in the Gulf of Mexico.

The price of Brent crude oil increased by about 5% on Thursday to 105 dollars per barrel.

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