Oil Prices Set For 5% Weekly Gain As Fresh US Iran Measures Raise Supply Disruption Fears
Oil prices are poised for a sharp weekly rise as the United States prepares to announce fresh economic measures against Iran, increasing concerns that further restrictions could worsen disruptions in global energy supplies. Brent crude traded above $93 a barrel on Friday and was heading towards a weekly gain of more than 5%. West Texas Intermediate (WTI) for October delivery eased towards $86 a…
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