Reported about 14 hours ago
Oil prices saw a rebound as the U.S. imposed new sanctions on Iran's oil sector, offsetting a recent downturn spurred by the International Energy Agency's bleak demand outlook. West Texas Intermediate climbed toward $67 per barrel after falling 1.7% in the previous session, while Brent crude approached $70. Despite this temporary recovery, WTI is still on track for its eighth consecutive weekly loss, marking the longest losing streak since August 2015.
Source: YAHOO