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Oil climbs more than $1 on reports of Iran preparing strike on Israel

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Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, after reports Iran was preparing a retaliatory strike on Israel from Iraq in the coming days. Brent crude futures LCOc1 were up $1.39, or 1.9%, at $74.20 a barrel by 0736 GMT. U.S. West Texas Intermediate crude CLc1 rose ...

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