Fri, 03 Aug 2012 00:33:32 CDT

SINGAPORE - Brent crude inched above $106 a barrel on Friday on concerns over supply from the Middle East and the North Sea, though worries over a slowing global economy capped gains. The U.S. Congress passed a new package of sanctions against Iran that aims to punish banks, insurance companies and shippers that help Tehran sell its oil. This builds on oil trade sanctions signed into...

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