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Commodities44 minutes ago (Oct 16, 2017 04:47AM ET)
© Reuters. Oil starts the week above $52
- Crude futures were in the green overnight, up 1.2% to $52.07/bbl, after President Trump refused to certify that Iran is complying with its nuclear accord.
- During the previous round of sanctions against Tehran, around 1M bpd of oil supplies were cut off from global markets.
- Prices were also boosted as Iraqi troops seized parts of the oil-rich Kurdish region, while an oil rig exploded in Louisiana’s Lake Pontchartrain.
- ETFs: , , , , , , , , , , , , , , , , , , USOI
- Now read: Energy Recap: Is The Saudi Aramco International IPO In Doubt?
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Source: Investing.com
