Bloomberg | Oil Gains as Iran Crude Buyers Get US Ultimatum to Cut Imports Bloomberg U.S. West Texas Intermediate oil for June delivery rose as much as 2.4 percent to $70.72 a barrel on the New York Mercantile Exchange and traded at $70.62 at 10:36 a.m. Singapore time. Prices settled 2.4 percent lower on Tuesday, retreating from the ... Oil faces a month of mayhem as geopolitical risks proliferate |