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Oil falls 1pc
HOUSTON: Oil prices settled about 1 percent lower on Thursday, but stayed above USD100 a barrel, as investors weighed the disruption from strikes by Saudi Arabia and Yemen’s Houthis against reports that additional Saudi crude barrels could reach global markets and ease supply concerns. Saudi Arabia and Yemen’s Houthis exchanged fresh strikes across their border on Thursday, with the spread of the Middle East war to Yemen and Saudi Arabia threatening to worsen the global energy supply shortage caused since the United States and Israel attacked Iran in February. Brent crude futures closed down U...
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