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Oil prices up in response to Iran-Israel war

Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel conflict and potential direct U.S. intervention.
 
Brent crude futures settled 25 cents higher at $76.70 a barrel while U.S. West Texas Intermediate crude rose 30 cents at $75.14. 
 
Earlier in the session, prices were down around two per cent. 
 
On Tuesday, prices jumped more than four per cent.  


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