Crude Oil impact on Trump’s re-imposition of economic sanctions on Iran

US President Donald Trumps’ sanctions on Iran will kick-in from November 5 and it is probable that crude oil which has moved away to lower levels will trade higher once again at levels of USD 85 per barrel.

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Commodity Preview: Crude oil edge up

Crude Oil prices rose higher on Friday amid Investors looking to measure the potential impact on supply on Iran’s crude exports. The Brent crude oil futures contract, for December, had risen 0.22% to USD 81.56 per barrel during early trade.