NEW YORK—Oil prices gained more than 1 percent on Aug. 24, ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for U.S. crude.
Brent crude oil settled up $1.09 a barrel, or 1.5 percent, at $75.82 a barrel. U.S. crude was up 89 cents, or 1.3 percent, at $68.72.
