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Oil gains on tensions in Iran and new supply concerns

THE oil price plunge earlier this week was short lived with the commodity rebounding overnight following missile tests by Iran, new supply threats in Nigeria and falling US crude stocks.

Marija Stojkovic
Oil gains on tensions in Iran and new supply concerns

Last night, New York's West Texas Intermediate stemmed some of the losses made earlier in the week, rising more than $US5 a barrel to close at $US141.47/bbl. Singapore's Tapis, however, continued its...

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