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Commodities

Oil Prices Edge Higher Amid Renewed Tensions with Iran

Guavy AI Editorial Team
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Oil prices edged higher on Thursday, following earlier losses, according to AP Business Writer Chan Ho-Him. Brent crude traded around $97 a barrel. The increase in oil prices came after renewed fighting between the US and Iran pushed prices sharply higher, although US President Donald Trump said he doesn't expect the bombing campaign to last 'much longer.' World shares were mixed, with some markets reacting positively to Wall Street gains.

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