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Oil prices rise to multi-week highs

Oil prices rose to multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support.
 
Brent crude futures rose 45 cents to $72.66 a barrel, while U.S. West Texas Intermediate crude futures gained 47 cents to $63.23 a barrel.


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