Brent crude rose 61¢ to above $113 on Tuesday as tensions heightened over Iran’s nuclear programme and unrest in Nigeria.
US crude was up 79¢ to $102.10 a barrel, reports Reuters.
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The tensions over Iran’s disputed nuclear programme have led to Iran threatening to close the Strait of Hormuz, a critical shipping chokepoint for oil.
Gains were capped, however, by persistent worries about the strength of European economies, hightlighted by weak German data.
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