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New U.S. Sanctions Lift Oil Prices to a Weekly Gain ...Middle East
Crude oil prices were set for a weekly gain earlier today, following the news that the U.S. federal government has slapped new sanctions on Chinese companies involved in oil trading with Iran. This week ends a day earlier for commodity traders, ahead of Good Friday and the Easter Holidays. At the time of writing, Brent crude was changing hands for $66.41 per barrel and West Texas Intermediate was trading at $63.19 per barrel, both up from opening. Oil news this week has been a mixed bag, but it seems bullish developments have prevailed. Sanctions…
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