MARKET WATCH: Brent crude oil breaks above $75/bbl

Oil & Gas Journal: Brent crude oil rose above $75/bbl on the London market during Apr. 24 trading, its highest since 2014. The Apr. 23 settlement for Brent’s June contract was $74.71/bbl. Analysts attributed rising oil prices to uncertainty about possible sanctions against Iran.

Societe Generale analysts noted US President Donald Trump has a May 12 deadline to decide whether the US will continue to participate in an international agreement that lifted sanctions against Iran for its nuclear program. Trump has criticized the agreement.

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