CNBC | US crude settles at $53.83, up 29 cents, after US Treasury imposes sanctions on Iran CNBC Oil prices gave up much of their gains after jumping on Friday as the United States imposed sanctions on some Iranian individuals and entities, days after the White House put Tehran "on notice" over a ballistic missile test. Front month U.S. West Texas ... Oil prices up on production cuts, but investors wary of US political impact Oil pushes higher as US Treasury announces sanctions on Iran Trump is bullish for oil |