Crude oil approaches 106.89 US Dollars per barrel after US and Israeli meeting

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Source: Forexpros
Crude oil futures moved higher during the Asian session on Tuesday after Barack Obama discussed the developments across Iranian nuclear programme with Benjamin Netanyahu, Israeli's President. Barack Obama was sure that sanctions would force Iran to abandon its nuclear programme while Benjamin Netanyahu insisted that Israeli would defend its interests in case Iran continues to pursue its nuclear ambitions. Light, sweet crude oil futures for April delivery traded at 106.89 US Dollars per barrel on the New York Mercantile Exchange, soaring by 0.16%.


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