Oil pushes higher on worries over new U.S. sanctions on Iran

Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after U.S. President Donald Trump said "nothing is off the table" in dealing with the country after its test launch of a missile. Comments by Russian energy minister Alexander Novak that oil producers had cut their output as agreed under a deal with OPEC, also helped to support prices, analysts said. Front month U.S. West Texas Intermediate crude futures climbed 25 cents to $53.79 a barrel, after ending 34