U.S. West Texas Intermediate crude oil futures are trading slightly higher shortly after the regular session opening after giving up nearly all of its earlier gains. Oil prices hit nearly a six-month high on Tuesday on a continuing reaction to President Trump’s decision to lift the waivers on Iranian oil exports. At 12:49 GMT, June WTI crude oil is trading $65.65, up $0.10 or +0.15%. This is down from an intraday high of $66.19. The pressure is likely being generated by profit-taking after a nearly 3% rise in prices on Monday. Furthermore, there are concerns that Russia or Saudi Arabia will step up production to meet ... (full story)