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Crude Oil jumps on poor data, US-Iran tension

Jun 26, 2019 12:08 IST

Oil prices rose over 1 percent on Wednesday to hit their highest in nearly a month. The jump comes as widely-watched data showed US crude stockpiles fell more than expected, underpinning a market that's already worried about potential US-Iran conflict. Brent crude futures were up 1.4 percent at $65.97 while WTI crude futures were at $58.97 per barrel, up 2 percent from their last settlement.

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