(Bloomberg) — Oil is poised for the biggest yearly gain since 2016 as fresh geopolitical tensions erupted in the Middle East and as U.S. crude stockpiles are forecast to extend declines.Futures were steady in New York after easing slightly Monday from the highest close in three months. Iran detained a ship carrying smuggled fuel near the Strait of Hormuz following U.S. air strikes on five Iran-backed militia bases in Iraq and Syria. American crude stockpiles are forecast to fall for a third week, according to a Bloomberg survey before government data on Friday.Oil has gained more than 35% in 2019, …read more
Source:: Yahoo Finance
