Tag: brent oil
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Brent oil passes US$100 on Mideast flare-up, stoking inflation fears
NEW YORK: International oil benchmark Brent spiked above US$100 a barrel Wednesday (Sep 9) for the first time since late July following renewed US-Iran hostilities, stoking fears of price increases and interest rate hikes.The jump in crude prices – with Brent up more than 3 per cent to US$101.21 a barrel – dr
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