Oil ends at highest since October, carving out a third straight gain

[Yo_Mama_Been_Loggin]

Oil climbed for a third straight session on Tuesday to mark another fresh high for the year, as traders reacted to tougher action against Iran’s oil market from the U.S.

West Texas Intermediate crude for June delivery, on its first full session as a front-month contract, added 75 cents, or 1.1%, to settle at $66.30 a barrel on the New York Mercantile Exchange.

June Brent crude, the global benchmark, tacked on 47 cents, or 0.6%, at $74.51 a barrel on ICE Futures Europe.

Both WTI and Brent tallied their highest front-month contract settlements since late October.

Crude’s latest rise extends Monday’s rally on the heels the U.S. decision to end waivers for countries importing Iranian oil, as part of a bid by the Trump administration to push Iran’s exports to zero. The current waivers expire on May 2.

https://www.msn.com/en-us/money/markets/oil-ends-at-highest-since-october-carving-out-a-third-straight-gain/ar-BBWcS94

Someone's happy but it ain't the average consumer.

[Andy823]

1. Yep the ones who will benefit the most

Russia, and Saudi Arabia.

Since trump wants to put the sanctions back on Iran, and Venezuela's oil has stopped flowing looks like his buddies Putin and the Prince will be making "big" money this summer and gas price will go higher.