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Oil prices jump US$2 as Iran dents hopes of diplomatic progress

LONDON: Oil prices jumped more than US$2 on Wednesday after Iran said there was little reason to expect diplomatic progress with the United States, leaving Brent crude near five-month highs, with further support from falling US crude and fuel inventories.

Oil prices jump US$2 as Iran dents hopes of diplomatic progress

We haven't written up this one. New Straits Times has the full story — the link below goes straight to it.

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