Oil

Brent oil prices rose on Friday and were set for a sixth straight week of gains, boosted by strong demand, looming sanctions on Iran, plummeting Venezuelan production and Nigerian disruptions, as Saudi Arabia moved to assuage supply concerns.

Oil continues to climb and Americans are paying more at the pump for gasoline.

Both financial oil benchmarks remained close to their November 2014 highs.

U.S. crude is not far off its November 2014 high.

Crude prices remain near more than three-year highs.

There are signs others suppliers within OPEC will counter the disruption.

As higher oil prices are set to hit consumers’ wallets at the gas pump, rising jet fuel prices may also impact your summer travel budget.

Most of the Mideast country’s crude is shipped to China, India and South Korea.

The threat of new sanctions come amid an oil market that has already been tightening due to strong demand.

The U.S. decision to withdraw from the nuclear agreement could strain supply.

Abandoning the Iran deal will likely curb OPEC crude exports.

The process is subject to a wind-down as long as 180 days.

A pullout by the U.S. from the Iran nuclear agreement could impact Iranian crude exports.

Venezuela and Iran worries are pushing oil higher.