Oil rises seven-month high, Wall Street stocks fall

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LONDON: Meanwhile, world oil prices jumped on Friday after the US killed the Iranian general. Brent oil surged 4.5 per cent in the London morning and WTI jumped 4.1 per cent as traders fretted over the dramatic escalation in tensions, although prices dropped back before the European close, reports foreign media. Major oil firms sawtheir shares gain ground, BP adding 2.75 per cent to 494.05 pence while Royal Dutch Shell B shares rose 2.13 per cent to 2,306.50 pence. Also, Wall Street stocks retreated from records early Friday after the US strike killed Iranian commander. About 20 minutes into trading, the Dow Jones Industrial Average stood at...

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