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Global oil prices ended above $100 a barrel on Wednesday for the first time in seven weeks — reviving concerns about global energy supply disruptions and a fresh inflationary shock just as major central banks prepare to make key interest-rate decisions later this month.
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Meanwhile, West Texas Intermediate oil for October delivery CL.1 CLV26, the U.S. benchmark, advanced 3.3% to $96.05 a barrel, also its highest settlement level since late May, according to FactSet data.
