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Prices of oil rise on worries of new Iran sanctions 

The prices of oil went up on Friday as worries of possible new sanctions from the U.S. against Iran helped boost prices. Futures for U.S. West Texas Intermediate went up by 3 cents closing at $68.46 per barrel. Futures for Brent crude gained 5 cents, or 0.1 percent, and settled at $73.67 per barrel. 

The foreign minister of Iran declared on Thursday that the demand of the United States to have the 2015 nuclear agreement changed was unacceptable.  

Dollar stabilizes prior to U.S. jobs data on track to record gains for the week 

The dollar was stable on Friday ahead of the U.S. jobs data that could potentially give the greenback another boost. The dollar index, which measures the dollar against a group of six major rivals, was last seen at 92.417. The index fell from Wednesday’s 92.834, its highest point since late December. So far, the dollar index is up by around 1 percent for this week, putting it on track to notch its third straight week of gains. 

Against the yen, the dollar went down by 0.1 percent to 109.14. It is a minor decline from Wednesday’s three-month high of 110.05 yen. The euro was last traded at $1.1988 going up from the four-month low of $1.1938 that was recorded on Wednesday.

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