Brent raised above USD 70 by cuts and sanctions
US sanctions against Iran and Venezuela's fuel export as well as production costs at OPEC support the price development, as it counterbalances concerns about the world economy.
BY RITZAU FINANS
Oil prices have been consolidated Tuesday morning, when the price of a barrel of Brent, the European reference oil, stays above USD 70, a level it reached Monday evening, according to Reuters.
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