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Oil Tops $98 a Barrel, Tech Earnings Worry Markets

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The global oil benchmark has topped $98 a barrel, as US stock futures fell in early European trade. The US is amassing forces in the Middle East to expand President Trump's 'maximum pressure' campaign against Iran.

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Oil Tops $98 a Barrel, Tech Earnings Worry Markets

The global oil benchmark has topped $98 a barrel after another night of escalating tensions in the Gulf. US stock futures fell in early European trade as the global oil benchmark topped $98 a barrel after another night of escalating tensions in the Gulf. American forces struck Iran for a 12th consecutive day, while Houthi rebels said they hit two Saudi oil tankers in the Red Sea. The US is amassing forces in the Middle East to expand President Trump's 'maximum pressure' campaign against Iran.

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