Oil prices gain on Iran sanctions worries
Oil prices gained on Thursday as the risk of renewed U.S. sanctions on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong dollar./ FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford/File Photo/ Global benchmark Brent crude futures LCOc1 gained 74 cents to settle at $74.74 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 were up 14 cents to $68.19 a barrel. “Oil has had a very good week ...
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