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Oil prices rise to $99.38 per barrel, up 46% from a year ago

Brent crude reached $99.38 per barrel Wednesday morning, a $3.27 jump from the previous day and roughly $31.50 above its price a year earlier, as supply concerns continue to shape the market.

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Brent crude reached $99.38 per barrel Wednesday morning, a $3.27 jump from the previous day and roughly $31.50 above its price a year earlier, as supply concerns continue to shape the market.

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