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Oil prices rise amid new US sanctions on Iran

Oil&Gas Materials 6 February 2017 10:26 (UTC +04:00)
World oil prices are growing on Feb.6 amid new US sanctions on Iran.
Oil prices rise amid new US sanctions on Iran

Baku, Azerbaijan, Feb.6

By Leman Zeynalova – Trend:

World oil prices are growing on Feb.6 amid new US sanctions on Iran.

The price of April futures for Brent crude oil rose by 0.28 percent and stood at $56.97 per barrel as of 12:34 EST. Meanwhile, the price of March futures for West Texas Intermediate (WTI) has increased by 0.32 percent to $54 per barrel.

Iran carried out a test launch of a medium-range ballistic missile Jan.29. In response to Tehran’s activities, the US Treasury Department published a list of 13 individuals and 12 entities facing new restrictions. The entities include companies based in Tehran, United Arab Emirates, Lebanon and China.

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