Oil prices rise as markets tighten ahead of Iran sanctions
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Oil prices rose as US markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran, with US bank JP Morgan warning of price spikes above $90 per barrel in coming months. Brent crude futures were at $79.71 per barrel, up by 91 cents, or 1.2 percent. US West Texas Intermediate (WTI)…
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