Friday 4 May 2018

Oil steady as U.S. decision on Iran sanctions looms | Reuters

Oil steady as U.S. decision on Iran sanctions looms | Reuters:

"Oil prices steadied on Friday, consolidating after recent gains, as global supplies remained tight and the market awaited news from Washington on possible new U.S. sanctions against Iran.

Brent crude oil was down 30 cents at $73.32 a barrel by 0900 GMT. The benchmark contract hit a 3-1/2 year closing high of $75.17 on Monday.

U.S. light crude was 20 cents down at $68.23."



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