Oil prices edged higher on Friday, extending gains into a fourth session as risi...
FILE PHOTO: A view shows a well head and a drilling rig in the Yarakta Oil Field, owned by Irkutsk Oil Company , in Irkutsk Region, Russia March 11, 2019. REUTERS/Vasily Fedosenko/File Photo
Brent crude futures were at $72.82 a barrel at 0024 GMT, up 20 cents, or 0.3%, from their last close. Brent closed up 1.2% on Thursday when prices hit a high of $73.36 a barrel - the highest since April 26. “Crude prices continue to rally as Persian Gulf tensions remain elevated and as uncertainty clouds this weekend’s OPEC and its allies meeting on how to adjust production due to the Iranian sanctions,” said Edward Moya, senior market analyst, OANDA.
U.S. President Donald Trump has told his top advisers he does not want to get the United States involved in a war with Iran, three U.S. officials said on Thursday.
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