MW: Oil up over 1% on report of drop in Iran exports
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Oil futures tacked on 1.5% Friday, buoyed by a report that said Iranian oil exports have fallen this month. Oil exports from Iran appear to have fallen in March by around 300,000 barrels per day, or 14%, according to a report from Reuters. May crude CLK2 +1.82% traded at $106.87 a barrel on the New York Mercantile Exchange, up $1.52. Prices posted only modest gains before the report was released.
