Commodity Tips:- Crude Oil Futures Edge Higher On Thursday

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Crude oil futures edged higher on Thursday as traders looked beyond a surprise increase in U.S. supplies, and instead focused on the possibility that the U.S. will re-impose sanctions on Iran. Recent comments from French President Emmanuel Macron indicate his belief that President Donald Trump will move to pull the U.S. out of the Iranian nuclear deal, despite Macron’s efforts to secure continued partnership from the U.S. That move would risk some of the oil supply gains that Iran has seen following the removal of sanctions more than two years ago, and is a fundamentally bullish factor for oil futures.

 

Benchmark crude oil futures for June delivery rose 14 cents or 0.2 percent to settle at $68.19 a barrel on the New York Mercantile Exchange. June Brent crude gained 74 cents or 1 percent to settle at $74.74 a barrel on London’s Intercontinental Exchange.

 

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  1. Rudra Investment3 May 2018 at 11:18

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  2. Rudra Investment3 May 2018 at 11:25

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