Brent on the winning side as US continues to hit market competitors with “sanctions” under political pretexts


Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from Opec and its allies.

Brent crude oil futures were at $71.39 per barrel at 8.32am GMT, up 56 US cents from their last...