Brent hits new four-year high on Iran supply worries
Brent crude rose nearly 2 percent after hitting a four-year high on Wednesday as the market focused on upcoming U.S. sanctions on Iran while shrugging off the year’s largest weekly build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production. Brent crude LCOc1 rose $1.49, or 1.8 percent, to settle at…