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Oil prices rebound as tensions in the Middle East remain high despite a recent pickup in exports that calmed supply fears. Brent crude November futures were up 0.9% to $103.52 a barrel, while the more-active December contract climbs 2.3% to $98.37 a barrel.
Brent crude climbed as high as $100.95, its strongest level since July, after U.S. strikes on five Iranian tankers and fresh retaliation near the Strait of Hormuz.