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NEW YORK (AP) - Oil prices climbed Thursday on a report that showed shrinking U.S. supplies of crude and gasoline, and as news of violence in the Middle East and rising tensions in Nigeria unnerved investors.
The jump in oil prices also lifted precious metals, a traditional safe haven for investors wary of inflation or world political tensions. The U.S. embassy in Nigeria warned that American interests are at risk of terrorism in the West African nation, a major supplier of oil to the U.S. Also Thursday, Syrian air defenses opened fire on Israeli aircraft that allegedly violated Syrian airspace, heightening tensions in the region.
In other commodity markets, industrial metals prices fluctuated, while agriculture futures pared back some of the gains made this week.
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