Oil Prices Under Pressure Despite Fresh Sanctions on Iran ...Middle East

OILPRICE - Economy
Oil Prices Under Pressure Despite Fresh Sanctions on Iran
source : OILPRICE ( Middle East ) () 65
Oil prices were under pressure early on Tuesday morning despite the Trump administration announcing fresh sanctions on Iran's oil industry on Monday.- President Trump’s recent push for a deal between Russia and Ukraine, his foot-dragging over Canadian and Mexican tariffs, and expectations of OPEC+ supply increases from April onwards have seen interest in crude oil futures plunge to multi-month lows.- Open interest in WTI futures is now the lowest in nine months, falling to 2.12 million lots in the week ending February 18 according to CFTC…

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