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Front-month Brent crude futures settled up $3.29, or 3.4%, at $101.21 a barrel, after touching a high of $101.58. U.S. West Texas Intermediate crude was up $3.02, or 3.25%, at $96.05 a barrel. Both benchmarks closed at their highest since May 22. Since late May, oil benchmarks have generally traded well below the $100-per-barrel psychological threshold, reflecting expectations that the conflict would remain on a low simmer. 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