Iran Talks Keep Crude-Oil Futures Under Pressure
-Talks over a possible relaxation of sanctions against Iran that may increase global oil supplies kept crude-oil futures near a week's low Monday, while a supply disruption due to Saudi airstrikes on Yemen looked increasingly unlikely./ On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded at $48.09 a barrel at 0502 GMT, down 48 cents in the Globex electronic session. May Brent crude on London's ICE Futures exchange was nearly flat at $56 a barrel. Investors awaited the outcome of a Tuesday deadline for ...
Click
To Read Full Article