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6/16, 7:27 PM (Source: TeleTrader)
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Oil turns to gains, WTI up over 1.5%

The prices of oil futures turned to gains on Thursday, after falling earlier in the day. The investors are seemingly still showing concerns over the supply side, as the crude output for future months remains uncertain after the United States shared that it will continue sanctioning Iran.

West Texas Intermediate (WTI) for deliveries in July jumped 1.57% at 1:17 pm ET to go for $117.02 per barrel. At the same time, Brent for settlements in August increased by 0.76% to sell for $119.46.

Baha Breaking News (BBN) / AY