Oil Rises on Iran Concerns | Today Commodity Market News Outlook 03 MAY 2018.


Bullion - Opens on mixed Note Gold -30900-30940 Silver -39500-39550 

Energy - Opens on mixed Note Crude Oil - 4520-4522 Natural Gas -184.20-184.40 

Base Metals - Opens on mixed Note Copper -453.60-454 Nickel -929-928 Lead -152.60-152.80 Zinc - 205.10-205.30 Aluminium -154.80-155



Oil recovered some ground on Wednesday after the previous day's slide, helped by concerns about possible renewed U.S. sanctions on major exporter Iran although price gains were capped by rising U.S. supply.

Brent crude oil futures were up 31 cents at $73.44 a barrel by 0900 GMT, after falling nearly 3 percent on Tuesday to its lowest in two weeks.

U.S. West Texas Intermediate (WTI) crude futures rose 50 cents to $67.75 per barrel.

"Geopolitical noise remains loud and in part pushed oil prices towards $75 per barrel," said Norbert Ruecker, head of commodity and macro strategy at Julius Baer. "The elevated uncertainty suggests volatile but range-bound oil prices going forward."

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