Oil prices inch down but supported by Iran concerns
Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for a third week of gains amid supply concerns should the United States reimpose sanctions on Iran, Global benchmark Brent crude futures LCOc1 were down 16 cents at $74.58 a barrel at 1049 GMT. This month, Brent hit highs above $75, a level last seen in late 2014. U.S. West Texas Intermediate (WTI) crude CLc1 fell 21 cents to $67.98 a barrel. This month, WTI has gained around 4.7 percent. U.S. President Donald Trump will decide by May 12 whether to reimpose ...
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