Warning of high oil prices at $ 120 a barrel

OPEC sources warned that crude oil prices could exceed $ 120 a barrel if US sanctions against Iranian oil came into effect in November and that Iran was threatening oil prices. stop oil exports through the Strait of Ormuz strategy. US crude oil prices climbed on Friday, as US crude was supported by speculation, Brent crude, affected by global trade tensions and rising production in Saudi Arabia. At $ 73.8 a barrel ($ 77), Brent closed the week with a loss of about 3% The global energy markets have been experiencing fluctuations over the last week due to the increasing pressure from the United States on the Iranian oil sector.