Oil Struggles Near $68 as Inventory Gain Overshadows Iran Fears - Bloomberg:
"Oil’s recovery buoyed by potential supply risks was capped by expanding U.S. crude inventories while American President Donald Trump nears a decision on whether to reimpose sanctions on Iran.
Futures in New York were little changed after rising 1 percent on Wednesday, the biggest gain in two weeks. U.S. data showed that stockpiles last week gained by the most since January, exceeding estimates. Meanwhile, Trump has set a May 12 deadline to decide if he should stick with or pull out of a deal between Iran and world powers that eased restrictions on the producer’s crude exports in exchange for curbs on its nuclear program."
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