Global crude oil prices erased earlier losses and hovered near six-week highs after fresh US strikes on Iran and renewed Israeli threats against Tehran heightened concerns about supply disruptions. Brent crude was trading 1.6 per cent up at 97 US dollars and 17 cents per barrel in intra-day trade. West Texas Intermediate crude was also trading 2.2 per cent higher at 93 US dollars per barrel, when reports last came in.
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