1 year ago
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Cancellation of summit between Joe Biden and Arab leaders raises risk of wider conflict, says analyst
Oil prices rose on Wednesday after a blast at a Gaza hospital that left hundreds of Palestinians dead and caused concerns about global oil supply disruption.
Brent crude futures, the global benchmark, advanced $1.69, or nearly 2%, to $91.59 a barrel, while West Texas Intermediate crude (WTI) futures were up $1.84 (2.1%) at $88.50 a barrel.
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