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Euronews
Euronews
Doloresz Katanich

Oil prices top $110 as traders weigh Middle East supply risks

Oil prices continued to trade around a five-month high on Tuesday morning, as traders weighed the risk of further Iranian attacks in the Strait of Hormuz, amid relatively strong flows of crude oil from the Persian Gulf.

International benchmark Brent crude futures traded at around $110 a barrel ahead of the European markets opening, while US benchmark WTI crude traded above $104 a barrel for delivery next month.

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