Oil prices surged ahead of Washington’s plan to impose new sanctions on Iran, while senior traders and banks expected oil to exceed the price of $ 90 a barrel in the coming months.
Brent crude futures were up $79.82 a barrel, up $1.02, while US crude futures rose 82 cents to $71.61 a barrel.
There are predictions that the Brent could rise to $90 per barrel and could exceed $100 in early 2019 when the markets will be hit by short supply due to US sanctions against Iran.
The two companies expect the sanctions to lead to a loss of 1.5 million barrels per day.
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