Monday, 7 May 2018

Crude Oil Gained As Global Supplies Remained Tight And The Market Awaited News

Crude Oil trading range for the day is 67.4-71.

Crude oil gained as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran.

Investors are concerned that sanctions against Iran could cut oil supplies.

Iran crude shipments climbed to 2.48 million barrels a day last month from 2.06 million a day in March.

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