💨 Abstract

Oil prices are set for a third weekly gain due to U.S. sanctions on Venezuela and Iran, with Brent crude up 0.1% to $74.11 a barrel and WTI up 0.1% to $69.97. The potential loss of Venezuelan and Iranian crude exports has caused an apparent tightness in the market. The price rally is also due to signs of better demand in the U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖