OIL FUTURES: Oil Stays Higher on News of Tougher Iran Sanctions

Wall Street Journal

OIL FUTURES: Oil Stays Higher on News of Tougher Iran Sanctions

-Crude oil futures nudged higher Friday morning following news that the Obama administration had expanded sanctions on Iran. Front-month light sweet crude for August delivery on the New York Mercantile Exchange was trading 63 cents, or 0.7% percent higher, at $86.71 a barrel. Analysts attributed the move to Thursday's news that the Obama administration expanded sanctions on Iran, a development that placed geopolitical concerns back at the center of the oil market./ NEW YORK--Crude oil futures nudged higher Friday morning following news that ...

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July 13, 2012

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