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Oil prices edge up about 1pc
NEW YORK: Oil prices edged up about 1 percent on Wednesday on renewed concerns about additional energy supply disruptions in the Middle East due to continued fighting in Yemen, an attack on a refinery in Saudi Arabia and worries the US could strike Iran after next week’s US midterm elections. Brent futures rose USD1.44, or 1 percent, to settle at USD115.32 per barrel, while US West Texas Intermediate crude rose USD2.88, or 3 percent, to settle at USD102.78. That price gain pushed Brent back into overbought territory for the fourth time in five days. Yemen’s Houthis attacked Aden airport on Wed...
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