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WTI Climbs Back Over $72/bbl

OIL

Oil is higher in Asia-Pac trade, WTI up $0.58 from settlement levels at $72.22/bbl, Brent is up $0.58 at $74.09/bbl. Oil is getting a boost after the election of conservative cleric Ebrahim Raisi as Iran's president which could be a hurdle for Iran and world powers reaching an agreement on a nuclear deal and complicate the return of Iranian supply to market.

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