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Oil heads lower as traders watch Hurricane Michael, weigh Iranian sanctions

MarketWatch
Oil heads lower as traders watch Hurricane Michael, weigh Iranian sanctions

Crude-oil futures skidded sharply lower Wednesday as traders watched Hurricane Michael, which has intensified to Category 4 storm and was barreling down on Florida, and weighed the impact of pending U.S. sanctions on Iranian crude exports. West Texas Intermediate crude for November delivery CLX8, -1.84%