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Oil jumps 2% as Israel expands Lebanon offensive (opens in new tab)

Oil prices rose more than 2% on Monday after Israel ordered troops to move further into Lebanon in fighting with Iran-backed Hezbollah, adding a risk premium to crude markets despite a ceasefire announced more than six weeks earlier. U.S. West Texas Intermediate crude was reported around $89.53 to $89.73 a barrel in early trading, while Brent traded around $93.05 to $93.28, according to market updates carried by Firstpost, Ada Derana, Geo and Business Standard. The price move followed reports...

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