Oil prices rose on Friday, on track for their second consecutive weekly gains, as new U.S. sanctions on Iran and a fresh output-cutting plan from OPEC+ increased expectations of tighter supply.
By 0435 GMT, Brent crude futures had gained 21 cents, or 0.3%, reaching $72.21 per barrel, while U.S. West Texas Intermediate crude futures were up 25 cents, or 0.4%, at $68.32 per barrel.
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