Investopedia (blog) | Brent crude prices climb on global demand, US sanctions on Iran The Globe and Mail Oil prices rose on Monday as increased global demand and U.S. efforts to shut out Iranian output using sanctions outweighed drilling data suggesting U.S. shale production would climb. Benchmark Brent was up 60 cents at $77.71 a barrel by 1020 GMT. Crude Oil Price Forecast: Market Seeks Direction Trump keeps lashing out about rising oil prices — but he could be partly causing them 'Completely cutting off Iran could send oil soaring to $120 a barrel' |