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Finance
Finance· Commodities

Oil jumps to $105, pushing up chances of a US interest rate increase

Oil prices rose about 4% on Thursday, pushing Brent above $105 a barrel and West Texas Intermediate past $100, after a surge in attacks on tankers raised fears of further supply disruptions. The escalation in strikes around the Red Sea and Strait of Hormuz, together with stronger Chinese crude buying, tightened markets and lifted inflation and interest-rate expectations.

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