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flag Oil prices climbed as U.S. strikes Yemen and Chinese economy shows growth.

flag Oil prices rose on Monday following U.S. military strikes on Yemen's Houthi rebels and positive Chinese economic data. flag The U.S. attacks came in response to Houthi assaults on Red Sea shipping routes, and the campaign may continue for weeks. flag Positive Chinese retail sales data also bolstered oil prices, although concerns about global economic slowdown and OPEC+ plans to boost oil output have tempered gains.

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