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Oil Climbs Toward $100
Brent crude futures for January delivery rose 1.5% on Friday to $99.79 a barrel, nearing the $100 mark, despite posting a weekly decline of about 15%. The increase came as investors awaited the outcome of the confrontation between the United States and Iran, after Donald Trump signaled that he would soon decide whether to resume military operations. Prices remain dependent on developments in the dispute over the Strait of Hormuz and the nuclear negotiations: mediation could ease supply concerns, while a breakdown in talks or renewed fighting could fuel further volatility.
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