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The Rest of the World Report | August 20, 2026 — Evening Edition
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THE PRICE HE CAN’T EXPLAIN
Treasury Secretary Scott Bessent told reporters at a White House address Thursday that he could not explain why oil prices were spiking. “We’ve got a spike in oil prices today that I don’t really understand,” he said, as Brent crude traded around $93.78 a barrel, up 2.4 percent from the prior close and already near that level by…
The skinny
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