India, March 21 -- The price of crude oil came under pressure in early trading on Friday but rebounded over the course of the session to end the day modestly higher.

After falling as low as $67.65 a barrel, crude for May delivery climbed $0.23 or 0.3 percent to $68.30 a barrel.

Crude oil added to the jump seen on Thursday and posted is second consecutive gain, surging by 1.6 percent.

Geopolitical tensions remained on investors' radar after the U.S. Treasury Department announced it was sanctioning a "teapot refinery" based in China's Shandong province which bought Iranian oil worth "approximately half a billion dollars."

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The oil in question was transpor...