Oil hits highest since November 2014 as Iran tensions mount
Oil prices rose about 2 percent on Friday with U.S. crude hitting its highest in more than three years as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran./ FILE PHOTO: Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen/File Photo/ The May 12 deadline for announcements on potential new U.S. sanctions on Iran bolstered the market, said Bob Yawger, director at Mizuho. “You have the May 12 Iran and Trump headlines that support the market,” ...
Click
To Read Full Article