Oil prices hit highest in years as markets adjust to looming sanctions on Iran

May 10, 2018 admin Business News Comments Off on Oil prices hit highest in years as markets adjust to looming sanctions on Iran

SINGAPORE (Reuters) – Oil prices clocked up more multi-year highs on Thursday as traders adjusted to the prospects of renewed U.S. sanctions against major crude exporter Iran amid an already tightening market.

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Source:: Reuters – Business News