August 14, 2012 9:59 AM

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Brent Crude hits three month high

Brent crude oil price hit a three-month high following tight supply and New York oil down amid hopes of added stimulus to boost global economic growth .Brent crude reached USD 115.11 a barrel to reach the highest level since early May. Brent North Sea crude for delivery in September later stood at USD 113.57 in late London deals, up 62 cents compared with Friday's close.

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