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Canada Commodities: Oil Prices Continue to Climb as US Vows "Economic Warfare" on Iran

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Oil prices continued to climb Thursday morning as President Trump vowed economic warfare on Iran and its allies, in a campaign he termed as "Economic D-Day".

Iran's state media dismissed the threats as nothing new, Al Jazeera reported.

West Texas Intermediate September crude oil futures, the US benchmark, climbed 2.5% to $87.99 per barrel. October Brent oil futures, the international benchmark, climbed 2.5% to $93.90 a barrel.

Comex gold December futures fell 0.4% to $4,527 per ounce.

In agricultural commodities, wheat futures for December delivery edged up 0.8%, to $7.03 per bushel, while canola November futures fell 1.7% to C$818.20 per tonne.

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