Commodity tips

Oil prices rise as US sanctions against Iran’s crude exports emerge

Crude Oil prices soared on Friday, since trader’s attention focused on US sanctions against Iran’s crude exports that starts next month to tighten global markets.

The gains helped recover some of the losses from the last session on account of looming US inventories and after Russia and Saudi Arabia said they would raise output to some extent make up for expected disruptions from Iran.

Crude Oil Watch: Oil falls as Russia & Saudi agree output rise,

Crude Oil prices on Thursday fell from four-year highs that hit the previous session, on account of rising U.S inventories after reports that Saudi Arabia struck a private deal in Sept. to lift crude output. Brent crude oil futures were Read more