Oil Edges Up On Threat of U.S. Issuing New Iran Sanctions

Oil prices edged up on Friday on news that U. S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also … Read more

Oil Prices Rise

Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. International Brent crude oil prices LCOc1 were up 16 cents, or 0.3 percent, at $56.98 a barrel … Read more