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Oil prices dip amid Mideast, eurozone worries

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NEW YORK — Oil prices eased slightly in cautious trade Monday as investors kept a close eye on Middle East tensions and the eurozone’s economic uncertainties.

New York’s main contract, West Texas Intermediate (WTI) light sweet crude for delivery in September, closed at $95.97 a barrel, dipping four cents from Friday’s close and snapping a four-day rise.

Brent North Sea crude for delivery in October edged down one cent to settle at $113.70 a barrel in London trade.

The New York session lacked direction and volumes were relatively thin, said Phil Flynn, an energy analyst at Price Futures Group.

Traders were following developments in the eurozone, where Germany and the European Central Bank slapped down a Der Spiegel report that the ECB plans to limit the borrowing costs of debt-wracked eurozone countries, Flynn said.

New York oil prices, which have climbed sharply since early May, now seem slightly too high, said Rich Ilczyszyn at iiTrader.com.

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“We need a catalyst to get the market going, unfortunately, like geopolitical risks,” he added.

Analysts at JBC Energy research group said “growing tensions in the Middle East and hints of new economic stimulus measures” were supporting prices.

Israeli saber-rattling about an imminent unilateral strike being prepared by the country against nuclear sites in major oil producer Iran had markets on edge.

Israel, like its close ally the United States, accuses Iran of seeking to develop an atomic arsenal.

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Tehran insists its nuclear program is exclusively peaceful, while its military chiefs warn that they will destroy Israel if it attacks.

Flynn also said that traders were preferring to stick close to the sidelines ahead of the US Federal Reserve’s minutes of its last policy-setting panel, which will be scrutinized for signs of fresh economic stimulus.

The minutes of the Federal Open Market Committee’s July 31-August 1 meeting are slated for release Wednesday.

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Trump buried by ex-US Attorney for claim the Constitution allows him to do what he wants: Even Bill Barr ‘won’t go that far’

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Appearing on MSNBC on Sunday afternoon, former U.S. Attorney Joyce Vance slapped aside Donald Trump's claim that Article II of the Constitution "allows me to do whatever I want," as the president put it.

Addressing the president's claim, made during an interview on ABC with host George Stephanopoulos, law professor Vance bluntly pointed out that the president is no constitutional scholar.

After watching a clip of Trump claiming unchecked power as president, Vance was asked what she thought of his claims.

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‘White woman problems’: Twitter stomps ‘lifestyle guru’ after she goes berserk over checkout glitch at Target

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A self-described "lifestyle guru" and TV host is coming under fire after she raged on Twitter about problems purchasing items at Target.

In a tweet on Saturday, Meaghan Mooney demanded Target "make good" after she was not able to immediately purchase a cart filled with goods.

"I just filled my l cart w/ hundreds of $ of merch I need TODAY, but REGISTERS ARE DOWN GLOBALLY???" Mooney wrote. "And NOW after I begging your staff to put my items on hold, I only have till EOD?? 1 inconvenience after the next. How will you be making good w us consumers?!"

Hey @Target — I just filled my l cart w/ hundreds of $ of merch I need TODAY, but REGISTERS ARE DOWN GLOBALLY??? And NOW after I begging your staff to put my items on hold, I only have till EOD?? 1 inconvenience after the next. How will you be making good w us consumers?! #Target pic.twitter.com/4KQTtdNv0M

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MSNBC guest ridicules Trump-fan Steve Cortes as possible Sarah Sanders replacement: ‘He’s a nut — have you seen him on TV?’

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Discussing the departure of Donald Trump's spokesperson Sarah Sanders from the White House, an MSNBC panel surveyed her possible replacements with one ridiculed for his appearances on TV defending the president.

Speaking with "AM Joy" fill-in host Jonathan Capehart, The Beat DC editor Tiffany Cross shot former Trump associate Stever Cortes -- a regular on CNN -- down as a possible candidate.

"There are names that are out there," Capehart suggested. "[Meliania Trump spokesperson] Stephanie Grisham and Hogan Gidley and Steve Cortes."

Pointing out that Grisham is the most likely contender, and the Trump would probably prefer a woman, Cross called out Cortes for his TV appearances.

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