Iran tensions boost oil ETPs

Oil exchange-traded products were the best-performing ETPs for the last two weeks as political tensions over Iran’s nuclear programme boosted the price

Oil exchange-traded products were the best performing ETPs over the last two weeks as political tensions over Iran’s nuclear programme boosted the price, according to Morningstar data.

The rally came as prices for Brent and WTI crude oil hit record levels in both euro and sterling terms last week with the dollar price reaching a high since 2008.

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