India, Aug. 13 -- German stocks climbed higher Thursday morning as oil prices fell despite concerns about Middle East tensions and uncertainty surrounding the reopening of the Strait of Hormuz. Inflation data from the U.S. has raised hopes the Fed will not hike interest rates for now.
Brent crude futures dropped to $87.25 a barrel, losing nearly 2% from previous close.
The benchmark DAX was up 129.07 points or 0.49% at 26,475.36 a little over half an hour before noon.
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