By September 14, 2018 0 Comments Read More →

Oil prices rise as focus returns to supply concerns

Oil rose on Friday, clawing backsome territory after prices fell by the most in a month in theprevious session, as the focus returned to supply concerns aheadof a November deadline for U.S. sanctions on Iranian crude.

Brent crude LCOc1 was up 17 cents at $78.35 a barrel at1044 GMT. The global benchmark fell 2 percent on Thursday afterrising on Wednesday to its highest since May 22 at $80.13.

U.S. West Texas Intermediate (WTI) futures CLc1 were up 27cents at $68.86 a barrel after dropping 2.5 percent on Thursday…

 

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