GT247.com Trading Blog

WTI oil price climbs in response to the US’s decision to withdraw from the Iran nuclear deal

Written by Odwa Magwentshu | 10 May 2018

As the most recent new development in geopolitical headlines, where the U.S has announced its decision to withdraw from the Iran nuclear deal. We saw the oil prices rally and responding to the drop in the oil stockpile. In the local market, Sasol has taken advantage of the situation to close at 12 month highs in Wednesday’s trading session.

 

All this and more in our morning market podcast: