Author: Maggie Eastland
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WTI Tops $71 as Sanctions Loom
by Bloomberg | Maggie Eastland | Friday, December 13, 2024 | 4:04 PM EST Oil rose as simmering geopolitical conflicts and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. West Texas Intermediate futures advanced 1.8% to top $71 a barrel, notching a weekly gain of about 6% and…