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Oil is on track for a weekly gain as tanker attacks cut Strait of Hormuz traffic to a two-month low and new U.S. sanctions hit Iranian shipping.
Oil ended flat on Tuesday, with Brent just above $100 and WTI near $89.50, as recovering Saudi pipeline flows and a planned G7 reserve release offset fresh…
Oil prices edged higher on Wednesday as markets weighed signs of improving crude supplies from the Gulf against continuing risks to shipping in the Middle East and the possibility of weather-related disruption to US production. At 08:08 GMT, Brent crude futures were up 0.