Oil up on OPEC output cuts, worries about Iran sanctions
Oil prices rose on Thursday, boosted by OPEC production cuts and the potential for new U.S. sanctions against Iran, but gains were limited by growing U.S. crude inventories./ Oil pumps are seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann/ Brent crude futures LCOc1 rose 52 cents to $73.88 a barrel, a 0.7 percent gain, by 1:32 p.m. EDT (1732 GMT). U.S. West Texas Intermediate (WTI) crude CLc1 rose 44 cents to $68.37 a barrel, also up 0.7 percent. “The price move today is probably based off ...
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