India, July 23 -- German stocks slipped on Thursday with investors trading cautiously on worries about rising oil prices due to persisting tensions between the U.S. and Iran, and renewed concerns about valuations of technology stocks amid increased spending on AI.

Investors also looked ahead to the European Central Bank's monetary policy announcement due later in the day.

Brent crude futures were up $4.25 or 4.51% at $98.32 a barrel a little while ago, after climbing to a high of $98.75 a barrel earlier.

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