Wu Blockchain (@WuBlockchain): Crude Oil Tops $106, Hits Four-Month High
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Crude Oil Tops $106, Hits Four-Month High Crude oil prices rose above $106 per barrel on Tuesday, reaching a four-month high as Middle East supply disruptions tightened the market. Saudi Arabia shut the East-West pipeline, affecting the transport of 7 million barrels of crude per day, while protests also halted operations at several Libyan oil fields. In addition, China drew down oil inventories and increased orders in August.