Oil prices continued to rise on Thursday, driven by concerns over tighter supply following new U.S. sanctions aimed at restricting Iranian oil exports. Additionally, some OPEC members committed to further output cuts to offset previous overproduction.
As of 0029 GMT, Brent crude futures climbed 34 cents (0.5%) to $66.19 per barrel, while U.S. West Texas Intermediate (WTI) crude increased by 44 cents (0.7%) to $62.91 per barrel.
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