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Brent oil rose above $108 per barrel as a showdown between Israel and the Palestinians stoked worries about supply, but ample stockpiles supplies and concern about the well-being of the global economy kept gains in check.
Brent for January settlement rose 28 cents to $108.27 per barrel on the London-based ICE Futures Europe Exchange. US oil for December delivery slipped 15 cents to $85.30 per barrel.