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US oil jumps above $100 and stock futures slump

NEW YORK (AP) — The price of U. S. crude oil rose above $100 for the first time Thursday since May with no end in sight in the U. S. -Iran war. The price for Brent crude, the international standard, rose above $105 a barrel. U. S. stock futures fell, with the S&P 500 down 0. 5% and the Nasdaq off by 1. 1%. A report showed that inflation in the U. S. remains stubbornly high on the wholesale level. Meanwhile, the European Central Bank raised its key interest rate by one-quarter point to try to...

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