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Oil and gas prices climb after Saudi Arabia closes east-west pipeline

Brent crude rose about 3% to $108 a barrel after Saudi Arabia shut its east-west pipeline following new Houthi strikes, while global stocks fell ahead of expected interest-rate hikes in the US and Japan.

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Brent crude rose about 3% to $108 a barrel after Saudi Arabia shut its east-west pipeline following new Houthi strikes, while global stocks fell ahead of expected interest-rate hikes in the US and Japan.