NIOC: Iran has potential to exceed pre-sanction production levels in 2017 - BBG

An official from the National Iranian Oil Company (NIOC) was on the wires last minutes, via Bloomberg, noting that, “Iran has potential to exceed pre-sanction production levels in 2017.”

Meanwhile, Brent rallies +1.56% to $ 48.75, while the US oil gains +0.37% to trade around $ 46.30 levels.