Decline in oil stocks, US sanctions and hurricane all work to boost oil prices

Three factors are sending the oil price up.
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
Photo: Nabil al-Jurani/AP/Polfoto/Arkiv
by ritzau

Prices on both Brent and WTI oil are skyrocketing, helped along by declining US oil stocks and US sanctions on Iranian oil exports which take effect in November.

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