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Oil advanced
West Texas
Intermediate crude advanced after an Israeli missile-defense test provoked war
jitters in the
Futures
climbed as much as 0.8 percent after
WTI for
October delivery rose 22 cents to $107.87 a barrel at 10:25 a.m. on the New
York Mercantile Exchange. Trading was 29 percent above the 100-day average.
There was no floor trading yesterday because of the U.S. Labor Day holiday, and
yesterday’s electronic transactions will be booked today for settlement
purposes.
Brent oil
for October settlement rose 63 cents, or 0.6 percent, to $114.96 a barrel on
the ICE Futures Europe exchange. Trading was 32 percent above the 100-day
average. The European benchmark grade traded at a $7.09 premium to WTI.
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