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Oil prices notched up today due to expectations of tight market ahead of the looming US sanctions. Brent crude oil futures were priced at $79.88 per barrel. US WTI crude futures rose to $69.31 per barrel. The looming US sanctions on Iran’s oil exports remained the major driver of oil prices in the market. Also, the new Permian WTI crude futures deliverable in Houston will begin trading on Monday.
