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Oil prices end the week on gains
08:04 - 06/10/2018
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Information / Baghdad ..
Oil prices steadied on Friday after jumping earlier this week to a four-year high, and Brent crude and US crude ended the week on gains one month ahead of US sanctions on Iran's oil exports.
US WTI ended the trading session up one cent to settle at $ 74.34 a barrel.
Global Brent crude for December delivery fell 42 cents to settle at $ 84.16 a barrel, and Brent on Wednesday hit its highest level since late 2014 at $ 86.74.
US crude ended the week up 1.3 percent, while Brent climbed 1.4 percent.
The price gains this week have been capped by Saudi Arabia and Russia that they will increase production to compensate for at least part of the supply shortfall from Iran, OPEC's third largest producer, due to sanctions that will come into force on November 4. 25
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