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Crude Oil rises in front of Iranian Elections and May 25th OPEC Meeting
Ira Epstein - IF - Fri May 19, 11:06AM CDT
The Iranian Election takes place today and results will be know by tomorrow.
The results will likely be viewed as bullish for crude oil if Mr. Rassi wins as he wants to do away with the nucelar agreement, which means sanctions against Iranian oil might be imposed with this action.
In addition, on May 25th OPEC meets to discuss extending production cuts and possibly deepening them.

Crude Oil 5-19-2017

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