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Brent rises 4.2% as U.S.-Iran tensions, Isaias risks weigh

December Brent crude futures rose 4.2% to $104.42 a barrel as traders weighed intensifying Persian Gulf shipping risks, U.S.-Iran tensions, and U.S. offshore production shut-ins ahead of Hurricane Isaias.

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10:48:32 AM UTC
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Brent Crude Climbs 5% to $105.27 a Barrel

S. offshore production shut-ins ahead of Hurricane Isaias. 42 a barrel, while Dece…