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Brent Nears $89 on Escalating Supply Threats

Brent crude futures

By Adedapo Adesanya  Brent crude prices pushed close to $89 per barrel as Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East raised supply worries. On Tuesday, the international crude benchmark gained $1.50 or 1.7 per cent to trade at $88.92 per barrel, and the US West Texas Intermediate (WTI) crude futures appreciated by $1.44 or 1.7 per cent to $85.15 per barrel. A Ukrainian drone struck one of Russia’s biggest refineries in an attack Russia initially said it repelled. The company said that Russia’s Astrakhan gas processing plant, controlled by energy giant Gazprom, also halted production