Oil hits six-week high on inventory data, OPEC compliance, Iran worries

in #finanse6 years ago

By Ayenat Mersie

NEW YORK (Reuters) - Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal.