Friday, 5 October 2018

Oil prices mark weekly gain ahead of Iran sanctions | Reuters

Oil prices mark weekly gain ahead of Iran sanctions | Reuters:

Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both benchmarks marked weekly gains ahead of U.S. sanctions on Iranian oil exports.

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 1 cent to settle at $74.34 a barrel.

Brent crude LCOc1 futures for December delivery fell 42 cents to settle at $84.16 a barrel. On Wednesday, the global benchmark hit its highest price since late 2014, at $86.74.

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