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Brent Tops $118 Again
Oil prices rose on Friday, putting them on track for a fourth consecutive monthly gain. Brent crude topped $118 a barrel before settling at $117.40, up 2.62%, while West Texas Intermediate rose 1.99% to $104.03. The gains came amid fears of rising tensions between the United States and Iran and disruptions to supply, after an oil tanker was attacked with explosive devices in the Strait of Hormuz. It was not clear who was responsible.
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