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Oil prices extended gains as Middle East remains on the boil with strikes on energy infrastructure in the region fanning fears of a supply crunch.
Qatar said Wednesday that Iranian missile strikes had damaged a key liquefied natural gas export facility. The action followed Tehran’s warning about attacking energy facilities in Qatar, Saudi Arabia and the United Arab Emirates after Israel bombed a natural gas processing facility in Iran.
Brent crude
May futures were 4% higher at $111.80 as of 8:45 p.m. ET, while U.S. West Texas Intermediate
