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Oil prices briefly hit fresh three year highs early Tuesday on worries that President Donald Trump could pull out of the Iran nuclear deal.
Brent fell more than 1% on Friday after President Donald Trump posted tweets critical of OPEC.
West Texas Intermediate is nearing $70 for the first time since November 2014.
West Texas Intermediate was up more than 2% on Wednesday.
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Fears that intervention from the West after a chemical attack could disrupt supply pushed up oil prices last week.
West Texas Intermediate spiked Friday to its highest level since December 2014.
Geopolitical tensions and inflation data pushed stocks lower on Wednesday.
Both Brent and WTI oil spiked by around 1% after Trump said relations with Russia are worse than ever.
Venezuela has $9 billion in bonds due this year and repaying them could destroy its oil industry.