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Oil climbs on Mideast escalation fears, US rate cut expectations

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Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching U.S. interest rate cuts lifted the global economic and fuel demand outlook. Brent crude futures LCOc1 climbed 56 cents, or 0.7%, to $79.58 a barrel by 0615 ...

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