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Oil Holds Gain With Middle East Tensions, US Stockpiles in Focus

Bloomberg.com · last updated

Oil steadied after a modest advance with tensions in the Middle East and US inventories in focus.

West Texas Intermediate traded above $65 a barrel after gaining 0.5% on Tuesday, with Brent crude closing near $67. Iran is said to be cutting off communication with key United Nations watchdog officials, deepening uncertainty over the status of its nuclear program and introducing additional ambiguity to the diplomatic showdown with Washington. Meanwhile, US President Donald Trump said Israel had agreed to the conditions needed for a 60-day ceasefire in Gaza.

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