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Oil prices soared today as investors were driven by the tightening market outlook due to looming US sanctions against Iran in November. Brent crude futures were priced 1% higher, at $82.17/barrel. US WTI crude futures were traded 1.2% higher, at $72.41 a barrel. With buyers around the globe bowing to US pressure and halting imports from Iran, exports from the country fell to approximately 2 million bpd in September.
