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Oil prices rise as investors monitor Ukraine war, Middle East conflict
Oil prices rose on Monday as investors monitored the war in Ukraine and conflict in the Middle East for any potential impact on crude supplies. The West Texas Intermediate futures contract for February gained $1.01, or 1.38%, to trade at $74.42 a barrel. The Brent contract for March rose 91 cents, or 1.16%, to trade at $79.49 a barrel. Several U.S. personnel are being evaluated for “traumatic brain injuries” after militants allied with Iran attacked an airbase in Iraq on Saturday with ballistic missiles and rockets, according to U.S. Central Command. U.S. forces stationed in Iraq and Syria have repeatedly come ... (full story)