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Market Update: Crude Oil is up by 2%
WTI crude futures rose 2% to $64.8 per barrel on Monday, partially recovering from a 3% fall last week, boosted by hopes of fuel demand recovery. Goldman Sachs said that the case for higher oil prices remains intact, despite expectations of increased Iran exports as talks between Washington and Tehran on reviving the 2015 Iran nuclear resume in Vienna this week. Meanwhile, the US National Hurricane Center said late on Sunday that it is issuing advisories on Tropical Depression Ana and that a tropical cyclone formation is not expected during the next days. [/s2If]
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