Oil holds $60 as anti-government protests in Iran provide support

  • West Texas Intermediate crude oil is holding the $US60 per barrel mark as anti-government protests in Iran provide support.
  • Tuesday’s bid has WTI trading up 0.63% at $US60.48 a barrel, and at its best level since June 2015.
  • At least 20 people are dead and more than 450 have been detained since the protests began last week, according to the Associated Press.
  • WTI has rallied about 5% since OPEC producers and Russia announced the oil production cuts were extended through 2018.
  • A move above $US62.58 will have WTI trading at its best level since December 2014.

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