Oil spikes above $70, its highest since September, amid mounting Middle East tensions
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· *Oil surged in early trading Monday amid escalating tensions in the Middle East. *
· *Brent crude briefly rose as high as $70 per barrel, the most since September. US West Texas Intermediate traded its highest since April, rising to $63.79 per barrel. *
· *The price of oil is likely to continue to surge as conflict...