Brent crude at highest since October 2014, Iran sanctions drive buying
Mining News Pro - Brent crude rose to a four-year high on Wednesday, as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.
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Abuse of the US Strategic Oil Stocks Act to eliminate supply scarcity caused by Iran sanctions
Mining News Pro - The president of the United States has been using the country`s strategic oil reserves to finance the federal budget and pharmaceutical program to address concerns about supply shortages caused by Iran`s sanctions.
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