Oil prices hit Nov 2018 highs on report U.S. will end Iran oil sanction waivers
Monday, 22 April 2019 09:20 WIB | ENERGY |Minyak WTIMinyak jenis BrentMinyak Mentah

Oil prices rose by more than 1 percent on Monday to levels not seen since November 2018, driven up by a Washington Post opinion column that said the United States is preparing to announce all imports of Iranian oil must end or be subject to sanctions.

Brent crude futures rose above $72.90 for the first time since November 2018 on Monday, hitting a high of $72.93 shortly after 0100 GMT, high of $72.70 per barrel at 0115 GMT, up 1.3 percent from their last close.

U.S. West Texas Intermediate (WTI) crude futures rose above $64.80 per barrel, also to November 2018 highs, hitting $64.86 per barrel, up 1.3 percent from their previous settlement.

Source : Reuters

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