Oil prices have edged up to a fresh one-week high as the market focuses more on supply disruptions in the Middle East and Russia than on signs of progress in talks between Oman and Iran over shipping through the Strait of Hormuz, Reuters reports.
Brent futures were up 95 cents, or 1.1 per cent, to $88.67 a barrel at 1:15pm EDT (10:15pm PKT), while US West Texas Intermediate (WTI) crude rose $1.04, or 1.3pc, to $83.17.