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Commodities· May 04, 2026 at 05:07 PM

Oil’s wild $126 price spike sends investors a blunt message

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The oil market is delivering a harsh reminder to investors: geopolitical risk may outrun fundamentals. Brent oil temporarily spiked to about $126 a barrel before tumbling as markets responded to rising U.S.-Iran tensions and worries of more disruption near the Strait of Hormuz. By the conclusion of ...

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