Oil remains above $100 a barrel, on track for sharp weekly gain on supply concerns

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Oil prices have fallen but remain on course for a weekly gain of more than nine per cent, as attacks along Middle East shipping routes stoke concerns about prolonged supply disruptions.

Brent crude futures are down $2.46, or 2.29pc, at $105.17 a barrel as of 1633 GMT (9:33pm PKT).

US West Texas Intermediate crude has fallen $2.44, or 2.38pc, to $100.04 a barrel.

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