Brent oil hits six-month high above $75 per barrel

LONDON- Brent North Sea crude hit a six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran.

Brent for delivery in June jumped to $75.35 per barrel, up 78 cents from Wednesday’s close. Oil’s other main contract, WTI, won 27 cents to $66.16 per barrel, also a six-month peak.

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