Oil takes-out 66 handle as US ends sanction waivers for Iran’s importers. Saudi Arabia welcomes US move to end all Iran sanction waivers Bulls await US weekly API crude stockpiles data for next direction. WTI (oil futures on NYMEX) built on Monday’s rally and went on to clinch fresh six-month tops at 66.19 this Tuesday, as the bulls continue to cheer further tightening of the global markets after the US announced on Monday that it ended the sanctions waivers it granted to any country that is currently importing Iranian crude or condensate. The sentiment was further bolstered after Saudi Arabia welcomed the US decision to call off the sanction waivers. Meanwhile, mounting tensions between the US and Iran over the sanctions also remain oil-supportive. From a broader perspective, the black gold continues to derive support from ongoing OPEC+ cuts, the recent surprise drawdown in the US crude stockpiles and improving US economic prospects. Markets now look forward to the US weekly crude stockpiles data due to be published by the American Petroleum Institute (API) later today at 2030 GMT for fresh trading impetus. WTI Technical Levels 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 Gold: Percolating market and policy risks point to weightier allocations – TDS FX Street 4 years Oil takes-out 66 handle as US ends sanction waivers for Iran's importers. Saudi Arabia welcomes US move to end all Iran sanction waivers Bulls await US weekly API crude stockpiles data for next direction. WTI (oil futures on NYMEX) built on Monday's rally and went on to clinch fresh six-month tops at 66.19 this Tuesday, as the bulls continue to cheer further tightening of the global markets after the US announced on Monday that it ended the sanctions waivers it granted to any country that is currently importing Iranian crude or condensate. The sentiment was further bolstered after Saudi Arabia… 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.
