Futures News Oil 

Oil rises on looming Iran sanctions, but U.S.-China trade war caps gains

“Front-month Brent crude oil futures were at $79.96 a barrel at 0414 GMT, 18 cents above their last close” writes Midwest Communications Inc for 95kqds.com. In addition to the potential for rising oil supply, the ongoing Sino-American trade dispute is expected to start dragging on demand.Despite this, Innes said overall global oil supply was currently enough to meet demand.U.S. West Texas Intermediate (WTI) crude futures were at $69.32 a barrel, 20 cents above their last settlement.SINGAPORE (Reuters) – Oil prices rose on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.
Source: 95kqds.com

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