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Oil steady near one week high

Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as investors tempered expectations of an early return of oil exporter Iran to international crude markets.

Brent crude futures were down 1 cent at $68.45 a barrel by 0701 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures were off 8 cents at $65.97 a barrel, after gaining 3.9% the previous session.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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