Christin Tuxen, chief analyst at Danske Bank, suggests that a continued uptick in global oil prices is setting the scene for markets following a week of thin Easter trading. Key Quotes “Notably, over the weekend, the US administration announced that it would not renew waivers on sanctions on Iranian oil exports. This effectively means that a range of countries that have been allowed to take up oil from Iran, despite the US withdrawing from the Iranian nuclear deal in May last year, will no longer be allowed to do so starting from 2 May this year.” “While Saudi Arabia and the UAE reportedly aim to make up for a good deal of the 1.9 mb/d that Iran currently supplies, Brent crude oil rallied past USD74/bbl yesterday. Indeed, the US removal of waivers is just one of a string of recent supply concerns hitting the oil market.” “Adding to strains, Iran has threatened to close the Strait of Hormuz – a key gateway for Middle East oil to the rest of the world.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Markets: US GDP and Central Banks in the limelight for the week ahead – Rabobank FX Street 4 years Christin Tuxen, chief analyst at Danske Bank, suggests that a continued uptick in global oil prices is setting the scene for markets following a week of thin Easter trading. Key Quotes "Notably, over the weekend, the US administration announced that it would not renew waivers on sanctions on Iranian oil exports. This effectively means that a range of countries that have been allowed to take up oil from Iran, despite the US withdrawing from the Iranian nuclear deal in May last year, will no longer be allowed to do so starting from 2 May this year." "While Saudi Arabia and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
