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Brent crude ends up 4th day as August contract expires

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Brent crude futures rose a fourth straight session on Monday, lifted by hopes for economic stimulus measures, especially in China, and by tensions with Iran and news a U.S. Navy vessel off the United Arab Emirates fired on an approaching fishing boat that failed to heed warnings.

July 17, 2012 11:30 by



Brent crude futures rose a fourth straight session on Monday, lifted by hopes for economic stimulus measures, especially in China, and by tensions with Iran and news a U.S. Navy vessel off the United Arab Emirates fired on an approaching fishing boat that failed to heed warnings.

Expiring front-month Brent August crude rose $1.15, or 1.12 percent, to settle at $103.55 a barrel, while Brent September crude rose $1.95 to settle at $103.37 a barrel.

(Reporting by Robert Gibbons; Editing by Phil Berlowitz)



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