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US oil ends higher as Iran, hurricane Florence involves lift prices for the week

US oil ends higher as Iran, hurricane Florence involves lift prices for the week

Oil futures ended on Friday with the American benchmark building on its profit for the week, as the US reportedly put pressure on countries to meet the forthcoming sanctions against Iranian oil.

Traders also continued to look out for any impact on Hurricane Florence's energy market and looked for possible new US rates for Chinese goods, which could damage oil demand.

October futures on West Texas Average crude oil

CLV8, + 0.57%

the US benchmark rose by 40 cents or 0.6% and came in at $ 68.99 a barrel on the New York Mercantile Exchange. The contract will remain under the $ 70.37 mark earlier this week, the highest settlement since July 20, according to Dow Jones Market Data. The contract recorded 1.8% profit per week.

November Brent

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