Iran oil exports hit six-year high, exposing limits in U.S.-led bid to stifle crude sales

News Snapshot:

Crude oil futures finished little changed Thursday, as concerns faded about an expansion of conflict in the Middle East while the market resumed worries over global oil demand that were rekindled with this week's report of a fourth straight weekly build in U.S. crude stocks. "The threat of intensifying direct hostilities between Israel and Iran has been shrugged off by traders, although this should continue to put a floor under prices," Trade Nation analyst David Morrison told MarketWatch. "Instead, the focus is on renewed concerns for demand growth for the rest of this year and beyond." But crude prices could...