Fuel price hike: Global oil prices increase by nearly 4%

WIRE — Global oil prices surged by nearly 4 percent onWednesdayamid continued airstrikes in the Middle East. Brent crude increased by 3.75 percent to $94.42 per barrel, while West Texas Intermediate, WTI rose by 3.55 percent to $87.33 per barrel. The increase was driven by heightened threats to shipping at two key chokepoints in the region: the Fuel price hike: Global oil prices increase by nearly 4%

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