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WTI ($USOIL): Intraday Analysis & Forecast update

WTI crude futures jumped more than 2% toward $74 per barrel on Friday, extending gains from the previous session as a deepening geopolitical crisis in the Middle East put a risk premium on oil prices.

On Thursday, Bloomberg reported that Iran has captured an oil tanker off the coast of Oman in response to a sanctions-related dispute last year when the US seized an Iranian tanker.

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