Meanwhile, Brent prices have gained almost 6 percent this month, buoyed by expectations the United States will renew sanctions against Iran.
The oil price rallied after Israeli Prime Minister, Benjamin Netanyahu, accused Iran of lying "big time" about a secretive nuclear weapons programme, ratcheting up tensions in a region that controls nearly half the world's oil.
Crude has rallied this month amid heightened geopolitical tensions, and as investors await a decision on the Iran accord.
"But if the U.S.is not part of the deal, then there really is no deal", Yawger said.
Oil fell on Monday after a rising rig count in the United States suggested the shale boom is showing no signs of slowing, but prices remain near their highest in more than three years and are set for a second straight month of gains.
Netanyahu's disclosure of thousands of documents he said proved Iran definitively sought to assemble nuclear bombs comes as the US President, Donald Trump, considers whether to re-impose sanctions against Iran, the third biggest oil producer in the Organisation of Petroleum Exporting Countries.
Concerns that the US may reimpose sanctions on Iran helped underpin the markets this week as this represents a threat to supply.
Gasoline futures rose 0.1 percent to settle at $2.1292 a gallon on Monday, the highest since August. The global benchmark crude traded at a $6.43 premium to June WTI.
Prices will be pressured by rising US production as shale drillers try to take advantage of higher prices by ramping up activity. The more-active July contract closed rose 90 cents to close at $74.69.
But while US producers are accelerating shale drilling in areas in the United States, higher production has not necessarily translated into stronger refining results for some oil companies.
"There are worries that Iran's oil exports could fall by about 1 million barrels per day from current levels", said Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo. Investors are assessing if surging USA production, which has topped 10 million barrels a day every week since early February, will undermine efforts by the Organization of Petroleum Exporting Countries to balance the market via output cuts. USA crude stockpiles probably increased by 1.25 million barrels, according to the median estimate of analysts surveyed by Bloomberg.
Elsewhere, U.S. crude production jumped 260,000 barrels per day (bpd) to a record high of 10.26 million bpd in February, the Energy Information Administration said on Monday.
According to reports, the explosion was caused by suicide bombers, who detonated their bomb vests at the busy market. Ezra Sakawa, chief medical director of Mubi general hospital, said 27 people died and 56 were injured.
The bigger question now is whether Apple can keep ramping up revenue from other sources, most importantly its services division. It is expected that Apple will show just 2 percent growth in smartphone sales compared to a year ago during the first quarter.
Sustained winds of 20 to 30 miles per hour maximum are forecast tomorrow from Arizona through New Mexico toward West Texas. Guy said conditions are not expected to improve significantly until late Tuesday or early Wednesday.
Austin, who is still a young speedster at 27 years old, has big play ability and is versatile enough to make an impact. All told, he had a career-low 13 receptions for 47 yards to complement 59 carries for 270 yards and a touchdown.
In 2016, Trump didn't say he'd pick people just because he likes them - but that seems to be the big motivator here. In fact, the White House fully supported the plan but couldn't push it through Congress last month.
Announcing his departure in a Facebook post , Koum mentions none of the reported issues that apparently prompted him to walk away. Koum's contract with Facebook wasn't supposed to end until November, the person familiar with the matter said.
Clifford of committing a crime under NY law, as well as the law of numerous other states, in that it effectively states that Ms. Clifford falsely accused an individual of committing a crime against her when no such crime occurred", the complaint says.
Tech giant announces Vancouver expansion
Governor Charlie Baker said the deal highlights the state's vibrant innovation ecosystem, while Boston Mayor Martin J. Amazon will be expanding Vancouver's tech hub by opening a new headquarters in the city's downtown core.
Ashley Judd suit claims Harvey Weinstein 'torpedoed' career
She had said she went to see Weinstein for a business meeting and he got sexually aggressive before she fled his hotel room. The lawsuit maintains that Weinstein was retaliating against Judd for refusing to engage in sexual activity with him.
Mueller hints at obstruction in Trump questions
Perhaps the most intriguing question regarding possible collusion is about Paul Manafort , the former Trump campaign chairman. Trump lawyer Jay Sekulow declined to comment to The Associated Press on Monday night, as did White House lawyer Ty Cobb.
Trump called possible meeting with the leader of North Korea
End to hostilities: Moon Jae-in and Kim Jong-un. "He has lived up to that for a longer period of time than anybody has seen". Kim and Moon pledged to seek a formal end to the Korean War by year's end and to rid the peninsula of nuclear weapons.
Sainsbury's holding merger talks with rival chain Asda
The deal would be the largest in the United Kingdom supermarket sector since Morrisons acquired the Safeway business in 2004. Liberal Democrat leader Sir Vince Cable said the Competition and Markets Authority (CMA) "must investigate" any deal.
Bellator 198: Fedor Vs. Mir Complete Highlights
Chandler is riding a two-fight winning streak that includes victories over Goiti Yamauchi and Brandon Girtz. Danis took a couple of shots in the opening seconds before he brought Walker to the ground.
Burning Man Founder Lee Harvey Dies At Age 70
Many stories have been told about why Harvey made a decision to build a wooden man and set it ablaze on the beach in 1986. By 1993, the festival attracted 1,000 people and began doubling in size each of the next couple of years.