Oil Rises On Iran Sanctions Threat, Venezuela Shutdown

www.oann.com | 3/28/2019 | Staff
lukealukea (Posted by) Level 4
TOKYO (Reuters) – Oil prices rose to fresh highs for the year on Tuesday, after a U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.

Price were also underpinned by a Reuters survey showing OPEC oil supply sank to a four-year low in March, and positive data from the world’s biggest economies, the United States and China.

Crude - Cents - Percent - Barrel - GMT

Brent crude rose 26 cents, or 0.4 percent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019.

U.S. West Texas Intermediate (WTI) futures rose 28 cents, or 0.5 percent to $61.87 a barrel, earlier reaching $61.89, also a new high for 2019. WTI closed up 2.4 percent on Monday.

US - Government - Sanctions - Iran - Areas

The U.S. government is considering additional sanctions against Iran that would target areas of its economy that have not been hit before, a...
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