Now that the Saudis have President Donald Trump where they want him, they're likely to milk his decision to ban Iranian oil for whatever it's worth before slowly releasing more barrels of their own to the market.
New York-traded West Texas Intermediate crude settled up 75 cents, or 1.1%, at $66.30 per barrel. That extended Monday's 3% rally sparked by Trump's decision not to renew sanction waivers for importers of Iranian oil.
London-traded Brent settled up higher by 47 cents, or 0.63%, at $74.51 a barrel.
Source : Investing.com