Oil hovers near three-week high on uncertainty over Hormuz

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Oil prices have trimmed gains but remain near a three-week high on uncertainty over shipping through the Strait of Hormuz and other ongoing supply disruptions in the market, Reuters reports.

As of 1302 GMT (6:02pm PKT), Brent crude futures are up 18 cents, or 0.2 per cent, at $91.20, while US West Texas Intermediate crude futures have risen 16 cents, or 0.19pc higher, at $85.10 a barrel.

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