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<Commodity>Oil Prices Surge 3%, as Iran Situation Aggravates, Trump Cancels Meetings with Iranian Officials
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US President Donald Trump canceled all meetings with Iranian officials and promised demonstrators imminent aid. Iran is an OPEC member and a major oil producer, raising market concerns about potential disruptions in oil supply. As a result, crude oil prices surged 3% on Tuesday. New York oil futures for February delivery added US$1.9 or 3.1%, at US$61.4. Brent oil futures for March delivery mounted US$1.9 or 3%, at US$65.77. AASTOCKS Financial News Website: www.aastocks.com |
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