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Oil traded near the highest price since December on concern that Middle East supplies may be disrupted as Saudi Arabia expanded its military campaign against Yemen.

Futures were little changed in London after capping a third weekly gain. Saudi Arabia deployed National Guard troops to its southern borders, state-run Saudi Press Agency reported, a month after launching airstrikes against Houthi rebels in Yemen. In Libya, members of the Petroleum Facilities Guard shut the Elephant oil field Saturday over unpaid salaries, said Mohamed Elharari, a spokesman at National Oil Corp.

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