In the commodity sector, crude oil rebounded despite USD’s continuous strength. Iran insistence that all sanctions must be removed before a final deal can be signed and tensions in Yemen supported prices. The front-month Brent crude contract initially rose to as high as 58.02 before settling at 56.57, up +1.84%, whilst the WTI contract ended the day +0.73% higher.
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Renewed Uncertainty in Iran Nuclear Deal Lifted Crude Prices