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Crude oil futures closed higher in a volatile session as rising Middle East tensions ended up outweighing Pres. Trump's threat that he may raise tariffs on Chinese goods: July WTI settled +0.5% to $62.25/bbl after spilling as low as $60.04, and July Brent ended +0.6% to $71.24/bbl after hitting a low of $68.79.
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