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Brent oil hits near six-month high above $75

Published: Updated:

Brent North Sea crude hit a near six-month high above $75 per barrel on 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.