Oil rises over 1% as traders assess shipping flows; monthly gains in sight

July 31 : Oil prices rose more than 1 per cent on Friday and remained on track for a monthly rise as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.Brent futures were up $1.01, or 1.13 per cent, at $90.04 a barr

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