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The Economic Times
The Economic Times
Business

Oil prices rise for second session on continued Middle East supply concern

Oil Middle East United States Tim Waterer Iran

Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from the region.

Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%.

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