Monday 8 July 2019

Oil rises amid Iran's new nuclear threats - Reuters

Oil rises amid Iran's new nuclear threats - Reuters:

Oil prices firmed on Monday amid tensions over Iran’s nuclear program but gains were tempered by concerns about global economic growth and consequently oil demand. 

Brent crude futures were up 66 cents by 1353 GMT at $64.89 a barrel. U.S. West Texas Intermediate (WTI) was up 60 cents at $58.11.

Iran on Monday threatened to restart deactivated centrifuges and step up its enrichment of uranium to 20% in a move that further threatens the 2015 nuclear agreement that Washington abandoned last year.

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