Reported about 1 month ago
Oil prices remained stable as traders considered the impact of the first US sanctions against a Chinese refinery for importing Iranian crude, juxtaposed with a delicate global growth forecast. Brent futures dipped below $72 a barrel, although they are on track for their biggest weekly gain since January. The sanctions are seen as a potential risk escalation for oil flows in the region, even as concerns about a global trade war and OPEC+ supply loom.
Source: YAHOO