💨 Abstract

Oil prices rose on Friday, marking a second consecutive weekly gain due to fresh U.S. sanctions on Iran and OPEC+ output cuts. Brent and WTI crude futures increased by 0.2% and 0.3%, respectively. The new sanctions targeted a Chinese refiner, signaling that China, the largest buyer of Iranian oil, is not immune to U.S. sanctions pressure.

Courtesy: theprint.in

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