Iran will continue oil exports despite U.S. pressure

In what can now be described as a spat between world leaders, Iranian President Hassan Rouhani said Iran will keep pumping oil despite a recent U.S. announcement that it will quit offering sanction-related waivers for purchase of Iranian oil exports. Meanwhile, production from the Bakken continues at near-record pace.

Oil prices this morning are (WTI) at ~$64 per barrel — very near a 6-month high. Stay up to date on oil and all the markets that matter in Minot on TheMinotVoice.com home page. Look for the Markets tab.