CRUDE OIL NEWS UPDATES BY COMMODITYPADIT.COM::V

PANDIT JI NEWS FORECAST::

Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran, with major traders and banks expecting prices to rise over $90 per barrel in coming months.

Brent crude futures (LCOc1) were at $79.82 per barrel at 0501 GMT, up by $1.02 cents, or 1.3 percent from their last close.

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