Oil rises over USD 70 as market awaits Trump Call on Iran sanctions

US oil prices soar above USD 70 per barrel as traders wait for Trump's decision on Iran sanctions. Oil futures on exchanges in London and New York increased by as much as 1.4 percent.

by Tsuyoshi Inajima, bloomberg

US oil rose above USD 70 a barrel for the first time since November 2014 as traders braced for a re-imposition of US sanctions on Middle East crude producer Iran.

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