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Oil prices jumped over $5 on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies
Brent crude futures were up $5.25, or around 7.6%, to $74.61 a barrel at 12h15 CAT, after hitting an intraday high of $78.50, the highest since January 27.
United States West Texas Intermediate crude was up $5.57, or 8.2%, at $73.61 after hitting $77.62, its highest level since January 21.
--Reuters--
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