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Oil prices climb as US drilling stalls, Iran sanctions loom


U.S. West Texas Intermediate (WTI) crude futures were at $67.96 per barrel at 0150 GMT, up 21 cents, or 0.3 percent, from their last settlement.  Brent crude futures climbed 30 cents, or 0.4 percent, to $77.13 a barrel

U.S. West Texas Intermediate (WTI) crude futures were at $67.96 per barrel at 0150 GMT, up 21 cents, or 0.3 percent, from their last settlement. Brent crude futures climbed 30 cents, or 0.4 percent, to $77.13 a barrel

SINGAPORE: Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November.

U.S. West Texas Intermediate (WTI) crude futures were at $67.96 per barrel at 0150 GMT, up 21 cents, or 0.3 percent, from their last settlement.

Oil & Gas , Corporate News

   

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