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Oil finishes up sharply in New York

        NEW YORK, April 22 (Reuters) - Oil prices have
ended up sharply after reaching new highs
close to six months Monday on the Nymex New York market
after the announcement by the United States of their desire to reduce
zero Iran's crude exports.
    May contract on US light crude (West Texas
Intermediate, WTI) CLc1 earned $ 1.70, or 2.66%,
$ 65.70 per barrel after reaching $ 65.92
highest level since October 31st.
    Brent LCoC1 also took $ 2.07 (2.88%)
$ 74.04 after a peak at 74.52, a level he no longer had
reached since November 1st.
    The White House announced early in the day that Donald
Trump had decided not to renew, when they expired in
ten days, the exemptions that enabled eight
continue to import Iranian crude.
    "The geopolitical risk premium is back on the
oil market, and it's spectacular, "commented John
Kilduff, a partner of Again Capital in New York, predicting that
"the Iranian flows will be reduced to a simple net".
    For analysts at JBC Energy in Vienna, Saudi Arabia
should increase its export offer to compensate this
drop.
    "It is now almost certain that volumes
from Saudi Arabia will arrive on
the market from May, "they explain in a note.
    

 (Stephanie Kelly;
Marc Angrand for French service)
 
 

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