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Oil prices rose a further 2 per cent on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after the killing of a top Iranian general.
Brent crude futures LCOc1 soared to a high of Sh7074 ($70.74) a barrel and was at Sh7003 ($70.03) at 0747 GMT, up Sh143 ($1.43), or 2.1 per cent, from Friday’s settlement.
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