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flag Oil prices hit a 2024 high, spurring stock declines over inflation and growth fears.

flag Stocks declined as oil prices surged to their highest level since summer 2024, triggering concerns about inflation and higher consumer costs. flag The rally in crude oil, driven by geopolitical tensions and supply concerns, weighed on financial markets, leading to broad-based losses across major indices. flag Investors reacted nervously to the prospect of rising energy costs impacting corporate profits and economic growth.

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