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Oil Rises as Risks of Prolonged Mideast Conflict Fan Supply Worries
Brent and West Texas Intermediate rose as Iran threatened retaliation and shipping through the Strait of Hormuz slowed, raising supply disruption fears.
Oil prices continue their upward march on international markets as escalating tensions in the Middle East bring to the fore concerns about potential disruptions in global crude supply. Brent crude futures were up 34 cents, or 0.35%, at $97.34 a barrel at 00:00 GMT. [...]