💨 Abstract
Oil prices are steady and poised for a second weekly gain due to fresh US sanctions on Iran and the OPEC+ output plan, raising expectations of tighter supply. Brent crude futures rose 3 cents to $72.03, while WTI rose 0.2% to $68.21. The US sanctions targeted an independent Chinese refiner, sending a message that Chinese companies are not immune to US pressure.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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