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CNBC

Oil slides as traders assess Middle East developments with Iran attacks keeping markets jittery

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Oil prices declined on Tuesday, retreating from sharp gains in the previous session.

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Marc Franklin of Manulife Investment Management says the focus is on what are the cyclical and structural impacts of the Middle East conflict. Franklin says there's a "preference more towards the US" than Europe. He adds that within the equity market construct, the firm likes structural plays, such as tech and AI "which still seem to have good tailwinds." (Source: Bloomberg)

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