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Oil prices extend multi-day rally as Trump issues new threat to Iran; Brent tops $115 per barrel
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- Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates' shock departure from OPEC with indications that a near-term conclusion to the Iran war is unlikely.
- West Texas Intermediate futures with June delivery rose 3.7% to $103.69 per barrel.
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Oil prices advanced again on Wednesday as traders balanced the United Arab Emirates' shock departure from OPEC with indications that a near-term conclusion to the Iran war is unlikely.
International benchmark Brent crude futures with June delivery traded 3.5% higher at $115.13 per barrel during mid-morning deals in Europe, extending gains after notching its seventh consecutive positive session on Tuesday.
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