Oil Prices Set to Extend Winning Streak on U.S. Sanction Action ...Middle East

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Oil Prices Set to Extend Winning Streak on U.S. Sanction Action
source : OILPRICE ( Middle East ) () 93
Crude oil prices were on course for their third weekly rise as concern grew about supply after President Trump threatened 25% tariffs on any country buying Venezuelan crude while stepping up sanctions on Iranian entities. At the time of writing, Brent crude was trading at $73.91 per barrel while West Texas Intermediate was changing hands for $69.80 per barrel, both set to end the week about $1 per barrel higher than they started it. “The potential loss of Venezuelan crude exports to the market due to secondary tariffs and the possibility…

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