Oil jumps as market anticipates U.S. sanctions on Iran

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


Did you enjoy this article? Join our FREE Newsletter!
I agree to have my personal information transfered to MailChimp ( more information )
Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.
We hate spam. Your email address will not be sold or shared with anyone else.