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[grprlegend]

Oil posts fourth biggest daily gain on record
Reuters – 3 hours ago Oil
92.12
14.43
+18.57%

Crude drew further support from a strike in Norway that cut production of oil and natural gas liquids by 230,000 to 250,000 barrels per day, or up to 13 percent of the capacity of the world's No. 8 crude exporter.

U.S. and European sanctions, designed to target Tehran's disputed nuclear program, have pushed Iran from second-largest producer in OPEC to now rank third behind Iraq. Iran's crude is subject to a European Union embargo starting on July 1 that also bars EU insurance firms from covering Iran's exports.


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