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By Farhan RafidOil prices rose Thursday, reversing initial losses, with Brent climbing above $105 a barrel on renewed U.S.-Iran escalation fears as diplomatic efforts showed little sign of progress.In midmorning European trading, Brent crude futures rose 2.3% to $105.44 a barrel, while West Texas I…
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but