💨 Abstract

Oil prices rose on Friday, set for a second consecutive weekly gain, due to fresh U.S. sanctions on Iran and a new OPEC+ plan to cut output, raising expectations of tighter supply. Brent crude and U.S. WTI were up about 2% this week, their biggest gain since the first week of 2025. New sanctions targeted a Chinese refiner, escalating U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖