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Oil extends gains as renewed Mideast hostilities raise worries of prolonged conflict
Oil prices extended gains Tuesday, rising for a third straight day, and hovering at six-week highs on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.
AI Summary
Oil prices rose for a third consecutive day, reaching six‑week highs amid concerns that renewed U.S.–Iran strikes could prolong Middle East conflict. Brent crude for November delivery increased 0.20% to $97.20 a barrel, while October West Texas Intermediate futures climbed 1.07% to $92.56. The gains reflect market anxiety over the escalating regional tensions.
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