Oil hits high over Turkish moves

Brent crude yesterday hit a record $84.49 on continuing tensions over possible Turkish action against the Kurds in Northern Iraq and the projected tightness of the market in the winter months.

Brent crude yesterday hit a record $84.49 on continuing tensions over possible Turkish action against the Kurds in Northern Iraq and the projected tightness of the market in the winter months.

The market had receded overnight on a degree of profit-taking.

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