Brent Falls Short of $70 Despite Iran Push

摘要

Benchmark Brent’s upward march fell just short of $70 on Friday, but the US announcing it might later this year annul a nuclear deal with Iran could give traders sufficient ammunition to keep the rally going. The prompt March Brent futures contract eked out a fifth straight day of gains and closed 61￠ higher at $69.81 per barrel, while physical dated Brent continued trading over $70 in a sign refinery margins are strong enough to support crude buying (IOD Jan.12’18).