Oil jumps $1
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Oil rose as US equity markets strengthened amid signs of a tightening supply outlook. Most Read from BloombergThe Dutch Intersection Is Coming to Save Your LifeAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsLA Homelessness Drops for Second YearManhattan,
An explosion rocked the Sarang oil field operated by HKN Energy in Iraq’s semi-autonomous Kurdistan region early Tuesday morning, forcing the company to suspend operations as emergency crews battled ongoing fires.