Oil Prices Fall Ahead of Fresh U.S. Sanctions on Iran
Oil prices fell more than $1 on Monday as investors took profits and expected new U.S. sanctions on Iran. Brent crude futures fell $1.16, or 1.23 per cent, to $93.23 a barrel at 11:31 a.m. GMT. U.S. West Texas Intermediate crude declined $1.55, or 1.78 per cent, to $85.51 a barrel. Both contracts recorded a second consecutive weekly gain…
