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Brent crude oil prices rose to their highest since November 2014 on Monday ahead of U.S. sanctions against Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), that kick in next month.

ANZ bank said on Monday that “the market is eyeing oil prices at $100 per barrel”.

© Reuters. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland