Bloomberg | Oil Trades Near $70 as Storm Threat Weighed Against OPEC Output Bloomberg Oil has rebounded almost 8 percent from the lows of August as buyers of Iranian crude have started shunning shipments from the Persian Gulf nation even before renewed U.S. sanctions take full effect in November. Investors are watching whether OPEC and ... Oil trades near $70 as storm threat weighs against OPEC output Oil Production Vital Statistics September 2018 Russia's Oil Production Nears Record High |