Oil Climbs as Iran Confronts Trump's Critique of Nuclear Accord
Friday, 4 May 2018 03:08 WIB | ENERGY |WTIMinyak BrentOil,Crude Oil

Crude advanced as Iran intensified criticism of U.S. President Donald Trump's stance on the 2015 nuclear deal and said the Islamic Republic won't renegotiate the accord.

Futures in New York closed 0.7 percent higher on Thursday after trading lower during the morning. A bearish U.S. government tally of crude and gasoline surpluses was overshadowed by Iranian Foreign Minister Mohammad Javad Zarif™s accusation of the U.S. "bullying" and saying Trump should abide by the deal.

West Texas Intermediate crude for June delivery rose 50 cents to settle at $68.43 a barrel on the New York Mercantile Exchange. Total volume traded Thursday was 2 percent below the 100-day average.

Brent crude for July settlement added 26 cents to end the session at $73.62 on the London-based ICE Futures Europe exchange. The global benchmark crude was at a $5.36 premium to July WTI.

Source : Bloomberg

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