Oil prices modestly higher — here's what to know

So oil prices are modestly higher despite Secretary Besson saying the US may unsanction Iranian oil that's on the water. Brent now holding right around 10986. Now President Trump has frequently said the US is the world's largest oil producer, but there is little indication we'll see a meaningful uptick in production for two reasons.The first is the shape of the curve. Prices farther out have moved higher, but WTI for January delivery is around $77. That's about $20 below where the front month is currently s ...