Oil gains on ME tensions
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Oil prices rise as tensions in the Middle East escalate; Brent crude futures increase by 57 cents or 0.73% to $78.90 a barrel; US West Texas Intermediate crude rises by 87 cents, or 1.16%, to $76.10; US job data eases demand concerns; Number of Americans filing new applications for unemployment benefits falls more than expected; 3.7 million barrel drop in US crude inventories reported; Killing of senior members of militant groups Hamas and Hezbollah raises possibility of retaliatory strikes by Iran against Israel; Concerns over oil supply from the world's largest producing region; Tim Snyder, chief economist at Matador Economics, warns of spike in crude oil prices if there is an Iranian retaliation on a large scale

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https://www.brecorder.com/news/40316603/oil-gains-on-me-tensions