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US oil contract inches above $70 a barrel

Published June 29, 2026 Updated June 29, 2026 11:10pm
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Oil prices have gained more than 1 per cent after attacks by the US and Iran underscore the fragility of their interim peace deal, Reuters reports.

As of 1735 GMT, Brent crude futures were up $1.18, or 1.64pc, at $73.17 a barrel. US West Texas Intermediate crude gained $1.69, or 2.44pc, to $70.92.

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