The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, triggering a three percent jump in crude prices to their highest for 2019 so far, Reuters reported a source "familiar with the situation" as saying
WASHINGTON, (Pakistan Point News - 22nd Apr, 2019) The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, triggering a three percent jump in crude prices to their highest for 2019 so far, Reuters reported a source "familiar with the situation" as saying.
Benchmark Brent crude oil futures rose by as much as 3.2 percent to US$74.31 a barrel, the highest since 1st November, in early trading on Monday in reaction to expectations of tightening supply. US West Texas Intermediate, WTI, futures climbed as much as three percent to $65.87 a barrel, its highest since 30th October.
