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Oil market on alert before Iranian sanctions

Published 11/04/2018, 09:29 AM
© Reuters.  Oil market on alert before Iranian sanctions
SCO
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UCO
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DTO
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SZOXF
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BNO
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OIL
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DBO
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USL
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USO
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DWT
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UWT
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OLO_old
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WTID_old
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WTIU_old
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OILX
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OILD_old
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OILU_old
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OILK
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USOD
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USOU
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USAI
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  • Tough U.S sanctions targeting Iran's critical energy sector come into force at midnight, as well as fresh measures against the nation's shipping and financial industries.
  • Eight countries - including Turkey, Italy, India, Japan and South Korea - will receive temporary six-month waivers allowing them to continue to import Iranian petroleum products as they move to end such imports entirely, but the Islamic Republic can only spend the money on a narrow range of humanitarian items.
  • Iran exported the equivalent of 2.5M barrels a day in April, before the announcement of sanctions turned away buyers.
  • ETFs: USO, OIL, UWT, UCO, DWT, SCO, BNO, DBO, DTO, USL, DNO, OLO, SZO, OLEM, WTIU, OILK, OILX, WTID, USOI, USOU, USOD, OILD, OILU, USAI


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