Following the recent ban on exports to the UK and France.
Greece and Spain were added yesterday following the EU’s decision to ban purchases of Iranian crude from the beginning of July.
Nymex crude is trading around 101.60 ahead of this afternoon’s EIA weekly inventory data at 1030EDT which is expected to show a build of around 2 million barrels over the latest week. Last night’s preliminary report from the API showed a build of 6.6 mmbls
