Oil surges to nearly 6-month high as Trump cracks down on Iran exports [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Oil surges 2.7% to nearly 6-month high, settling at $65.70, after Trump cracks down on Iran exports show chapters Oil surges after US announced end of Iranian oil waivers 1 Hour Ago | 02:44 Oil prices surged about 3% at midday on Monday, hitting fresh 2019 highs, after the Trump administration announced The administration said the State Department will cease granting sanctions waivers to any country still importing Iranian crude or condensate, an ultra-light form of crude oil, after May 2. Brent crude futures U.S. West Texas Intermediate crude Crude futures first hit new 2019 highs following report by the Washington Post The surprise move is driving the breakout in oil prices, said Michael Bradley, equity strategist at investment bank Tudor Pickering Holt. "Crude markets were taken by surprise today as the Trump administration indicated it WON'T renew waivers that lets countries purchase Iranian oil without facing U.S. sanctions," he said in a research note. "Many expected that the U
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