LONDON (Reuters) – Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut global crude

LONDON (Reuters) – Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut global crude
NEW YORK (Reuters) – Oil prices slumped by nearly 4% on Monday as the rapid spread of the coronavirus in countries outside China added to investor concerns over the effect
Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel at 0612 GMT
Crude kept rising following its biggest weekly gain since late 2016 after president Donald Trump said he would impose “major additional sanctions” on Iran, exacerbating tensions in the oil-rich Middle East.
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It was only a week ago that OPEC and Non-OPEC agreed to add 1 million barrels per day (mb/d) to the market, but it already feels like a distant memory