Oil prices rose for the first time in four sessions on Wednesday after Hamas announced that Israel assassinated its political bureau chief, Ismail Haniyeh, and published a report indicating a decline in US strategic petroleum reserves for the fifth consecutive week. The price of Brent crude contracts for October delivery reached about $79 per barrel after falling by 4.1% over the past three days, while West Texas Intermediate crude approached $76. Hamas said that Israel killed Haniyeh during an airstrike in Iran. Israel also announced earlier that it had killed a senior Hezbollah commander during an airstrike on Beirut, in response to an attack in the Golan Heights, which killed 12 young men at the end of the week. Source: National Iraqi News Agency
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Oil prices fell on Thursday, giving up their previous gains.
Brent crude futures prices fell more than two dollars to $71.45 a barrel, while US crude futures also fell more than two dollars to $67.62 a barrel.
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