Data from Baker Hughes on Friday, meanwhile, revealed the first weekly decline in active U.S. to lift sanctions on Tehran, allowing more oil to flow into the global market. News reports said Iran and world powers were close to an agreement to restore the 2015 nuclear deal, which is expected to lead the U.S. Oil prices have been "a one-way market, but the potential return of Iranian crude supplies could provide much relief to this very tight market," said Edward Moya, senior market analyst at OANDA. prices ending at their highest in more than 13 years, as Russian's invasion of Ukraine, and Western nations' sanctions on Moscow in retaliation, threaten to disrupt global crude supplies. oil futures jump more than 7% to highest finish in more than a decade
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