Author: Tom Kool
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WTI Jumps to $70 as U.S. Sanctions Rekindle Supply Concerns
By Tom Kool – Feb 27, 2025, 9:50 AM CST Oil prices jumped early on Thursday as concerns about supply with intensified U.S. sanctions on Iran and Venezuela trumped demand woes and the possibility of peace in Ukraine. As of 10:45 a.m, ET on Thursday, the front-month futures contract of the U.S. benchmark, WTI Crude,…