Oil Prices Slip on Washington’s Sanction Waivers to Iran Crude Importers:
Oil prices dipped on Monday morning in Asia after the U.S. said it would allow eight countries to import crude oil from Iran, easing market jitters over tight supply from Iranian sanctions that took effect today.
Crude Oil WTI Futures for December delivery dropped 0.71% to $62.69 per barrel at 10:47PM ET (02:47 GMT) on the New York Mercantile Exchange, while Brent Oil Futures for January 2019 delivery edged down 0.19% to $72.43 a barrel on London’s Intercontinental Exchange.
The Trump administration is expected to reveal the list of eight importers who were granted sanction waivers. Reports from various media last week showed that South Korea and India could be on the list.
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