Oil prices fell more than 1% on Friday.
OPEC may boost output to try to counter a supply squeeze from US sanctions against Iran.
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Oil prices fell Friday amid reports OPEC is considering boosting coordinated output levels ahead of US sanctions against Tehran, which will effectively cut off Iranian production for much of the world.
West Texas Intermediate crude oil fell below $70 a barrel and Brent shed more than 1% after Reuters reported OPEC and other...