Brent Oil Gains $1.58 on Supply Concerns From Iran

Reuters reported that Brent oil gained $1.58 on concern over supply disruptions from Iran producers.

As quoted in the market news:

In London, ICE April Brent crude settled at $118.93 a barrel, gaining $1.58 and posting the highest close since June 14′s close at $120.16. It climbed early to a session peak of $119.99, the highest intraday since August 1, on the report that Iran was halting oil exports to some EU countries.

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