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Oil hits two-week high on share market recovery, Mideast tensions

Brent crude was up 89 cents at $65.73 a barrel at 1802 GMT, after rising to an 11-day high of $65.75 a barrel earlier in the session

Reuters  |  London 

Oil prices hit their highest level in nearly two weeks on Monday, lifted by a global equity market recovery and tensions in the Middle East, although concerns of rising U.S. production tempered gains. European shares rose for a fourth straight session, with global stocks set for a sixth session of gains, following a sell-off triggered by fears of creeping inflation and higher borrowing costs. Brent crude was up 89 cents at $65.73 a barrel at 1802 GMT, after rising to an 11-day high of $65.75 a barrel earlier in the session. U.S. West Texas Intermediate crude for March ...

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First Published: Tue, February 20 2018. 01:21 IST
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