This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

West Texas Intermediate crude for July delivery added 74 cents to $76.79, while Brent for August added 59 cents to $79.55 (all figures in this para U.S.). Western Canadian Select traded at a discount of $14.20 to WTI, down from a discount of $8.80. Natural gas for July lost nine cents at $3.14. The TSX energy index lost 7.93 points to close at 387.97.

Oil prices edged up as traders sifted through leaked details of the U.S.-Iran interim peace agreement. The 14-point memorandum of understanding, as published by Bloomberg and Al Arabiya, would end hostilities, reopen the Strait of Hormuz, ease sanctions and open a 60-day window for negotiations on Iran's nuclear program. It also references a $300-billion (U.S.) reconstruction fund for Iran, though U.S. President Donald Trump has denied reports of U.S. contributions. Mr. Trump has previously offered shifting rationales for launching the war, from obliterating nuclear and missile programs to toppling the regime to curbing support for regional proxy groups. The memorandum, if true, would seem to relegate many of those issues to future negotiations rather than resolving them directly.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS