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Oil prices up on fear of tensions in Eastern Europe

Crude prices have already surged 10 percent this year due to concerns regarding tighter supply.

Photo: Nick Oxford/Reuters/Ritzau Scanpix

Monday morning sees oil prices rising on worries regarding supply disruptions connected to increasing tensions in Eastern Europe and the Middle East.

This could render an already tight market even tighter as the Organization of the Petroleum Exporting Countries and its OPEC+ allies still struggle to increase their output, Reuters reports.

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