💨 Abstract

Oil prices are steady, heading for a second weekly gain, due to fresh US sanctions on Iran and OPEC+ output plan, raising expectations of tighter supply. Brent crude futures rose 0.1% to $72.08, while WTI rose 0.3% to $68.25. New US sanctions targeted a Chinese refiner, signaling that Chinese companies may not be immune to US sanctions pressure.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖