OIL PRICES RISE ON LOWER U.S. CRUDE INVENTORIES, LOOMING IRAN SANCTIONS

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Oil prices rose on Wednesday following a report that crude inventories in the United States fell and as looming sanctions against Iran raised expectations of tightening supplies, with top producer Russia warning of a “fragile” global crude market.

© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub in Cushing