Oil Holds Near $68 as Traders Await Trump Decision on Iran Deal
Friday, 27 April 2018 08:15 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil was little changed near $68 as investors tried to assess whether President Donald Trump will pull the U.S. from the Iran nuclear deal and reimpose sanctions on OPEC™s third largest producer.

Futures in New York lost 0.2 percent and are heading for a weekly decline of 0.4 percent. French President Emmanuel Macron earlier this week predictedAmerica will pull out of the Iran agreement, while U.S. Defense Secretary Jim Mattis said Thursday a decision on a withdrawal hasn™t been made.

West Texas Intermediate crude for June delivery traded at $68.08 on the New York Mercantile Exchange, down 11 cents, at 9:54 a.m. in Tokyo. The contract fell 30 cents this week. Total volume traded was about 76 percent below the100-day average.

Brent crude for June delivery dropped 14 cents, or 0.2 percent, to $74.60 a barrel on the London-based ICE Futures Europe exchange. Prices are up 0.7 percent for the week. The global benchmark crude traded at a $6.52 premiumto June WTI.

Source : Bloomberg

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