| A reminder that politics can move an oil market that's been paying more attention of late to rigs counts and inventories. Crude prices were in a state of flux on Tuesday amid reports that Iranian forces had seized a cargo ship in the Persian Gulf.
Brent spiked by nearly a dollar to $65.46 a barrel following initial reports from Saudi Arabia's Al Arabiya News that the vessel in question was a US ship. The report - later denied by the Pentagon - also pushed prices for West Texas Intermediate, the US oil benchmark, a dollar higher to $57.82 a barrel...............................................Full Article: Source
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