Oil futures extend a rise Wednesday, with Brent crude nearing the $75-a-barrel threshold while West Texas Intermediate is boosted by industry data showing a...
Oil futures extended a rise Wednesday, with Brent crude nearing the $75-a-barrel threshold while West Texas Intermediate was boosted by industry data showing a large fall in domestic inventories.
Crude stocks in Cushing, Okla., the delivery hub for Nymex futures, edged down by 1.5 million barrels for the week, sources said. At the same time, expectations are fading for an agreement that would see Iran move back into compliance with the 2015 nuclear treaty and the U.S. rejoin the agreement, lifting sanctions on Tehran, ahead of Iran’s presidential election at the end of the week.
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