Iran's
crude
exports
appear
to
have
fallen
in
March
by
around
300,000
barrels
per
day,
or
14%,
the
first
sizeable
drop
in
shipments
this
year,
according
to
estimates
from
industry
consultant
Petrologistics
and
an
oil
company.
After
Brent
oil
extended
its
rise
to
nearly
$4
and
US
crude
also
rose
sharply,
oil
prices
pared
gains
as
equities
fell
on
Wall
Street
following
data
that
showed
US
new
single-family
home
sales
declined
in
February.
Brent
crude
rose
$2.08
to
$125.22
a
barrel
as
of
10:50
a.m.
EDT
(1450
GMT),
having
swung
from
$123.10
to
$127.06.
US
crude
rose
$1.45
to
$106.80
a…
Oil prices rise sharply over Iran export drop