💨 Abstract

Oil prices increased in early Asian trading on Friday, poised for a second straight weekly gain, due to fresh US sanctions on Iran and a new OPEC+ plan for seven members to reduce output. This has raised expectations of tightening supply. Brent crude futures climbed 0.6% to $72.40 per barrel, while US West Texas Intermediate crude futures rose 0.6% to $68.52.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖