Oil holds near two-week lows, Brent crosses $100 a barrel

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Oil prices have held near their lowest in more than two weeks as improving Gulf crude supplies weighed on the market, Reuters reports.

Brent crude futures have gained $1.15, or 1.16 per cent, to $100.40 a barrel by 1143 GMT (4:43pm PKT), while West Texas Intermediate futures have risen by 35 cents, or 0.42pc, to $90.90.

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