Oil up as US drilling stalls, Iranian sanctions bite
Reuters: Oil prices rose on Monday as U.S. drilling stalled and investors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November. Brent crude oil jumped $1.09 a barrel, or 1.4 percent, to a high of $77.92, but then eased to $77.40 by 1250 GMT. U.S. light crude was 40…