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Crude Oil Rallies as Pentagon Sends Third Carrier Group to Middle East
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Crude Oil extended its rally on Thursday after a report that the Pentagon is sending a third aircraft carrier strike group to the Middle East. The deployment news added a second leg to the session's gains in crude. The Pentagon's move marks an escalation in the region's military presence, with the carrier group joining two others already deployed. The report drove the latest leg higher in oil prices on Thursday.