OIL FUTURES: Nymex Crude Rises on Iran Sanctions, Output Cut
oil futures move 1.2% higher Friday on news the Obama administration had expanded sanctions on Iran --U.S. targeted dozens of banks, shipping companies the U.S. believes are attempting to help Iran evade an EU embargo --OPEC report: Iran's production sank to 2.96 million barrels a day in June (Adds details on price activity and final prices, in the second and 19th paragraphs.) NEW YORK--Crude-oil futures moved 1.2% higher Friday following news the Obama administration had expanded sanctions on Iran. Front-month light sweet crude oil on the ...
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