Oil prices increased Friday as U.S. sanctions against Iran threatened to remove a substantial volume of crude oil from world markets at a time of rising global demand. U.S. crude rose 69 cents a barrel to $74.14 by 10:49 a.m. EDT [1449 GMT], and earlier touched $74.37, the highest since Nov. 26, 2014. There’s a risk that supplies from Iran could be cut further as there’s pressure on other countries to join the United States in sanctions, he said. …read more
Source:: Yahoo Finance
