CNBC | Oil up as US drilling stalls, Iranian sanctions bite CNBC Oil prices rose on Monday as U.S. drilling stalled and as investors anticipated lower supply once new U.S. sanctions against Iran's crude exports kick in from November. Benchmark Brent crude oil was up 90 cents a barrel, or almost 1.2 percent, at $77 ... Oil Rebounds as Supply Crunch Fears Counter Trade Tariff Threats Crude oil futures higher on lower US rig count, Iran tension The Downside For Oil Is Limited |