By Eric Yep
Published: Apr 6, 2015 4:27 a.m. ET
No physical market impact of Iran seen before 2016: Morgan Stanley
Reuters
Iranian Foreign Minister Javad Zarif.
Crude-oil futures rebounded on Monday as investors assessed the impact of last week’s disappointing U.S. jobs data and Iranian nuclear deal.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLK5, +3.03% traded at $50.51 a barrel, up $1.36, or 2.8%, in the Globex electronic session. May Brent crude LCOK5, +2.75% on London’s ICE Futures exchange rose $1.23, or 2.2%, to $56.20 a barrel.