Brent Oil Hits Near Six-Month High above $75
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Brent North Sea crude hit a near six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran.
Brent for delivery in June jumped to $75.60 per barrel, the highest level since the end of October. Oil's other main contract, WTI, climbed to $66.25 per barrel, heading towards a six-month peak.
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