Futures rose 0.5 percent in New York. Prices seesawed on Tuesday after President Donald Trump fired Tillerson, whom he had disagreements with over key foreign policy issues. The move could have implications for U.S. sanctions on Iran, which could impact the latter’s oil industry and exports, Facts Global Energy and Royal Bank of Canada warned. “The risk is now much higher that President Trump will not waive the sanctions when it is time to do so in May, thus derailing the deal,” said Bjarne Schieldrop, chief commodities analyst at SEB AB. Click Read More below for additional information.

American Dollar to Canadian Dollar = 0.741681; American Dollar to Chinese Yuan = 0.142553; American Dollar to Euro = 1.080925; American Dollar to Japanese Yen = 0.007225; American Dollar to Mexican Peso = 0.056686.

The Finnish Transport Workers' Union (AKT) has ended a two-week stevedores' strike. The union made the announcement shortly before 8pm on Wednesday. The AKT board unanimously accepted the deal, union boss Ismo Kokko said. "A new collective agreement has been born," he told Yle. According to Kokko, there will be salary increases of 6.3 percent over the two-year contract period. On top of this, he said there will be a so-called "delayed instalment" amounting to 1,100 euros per worker. Earlier in the evening, the National Conciliator's office said in a tweet that a negotiation result had been reached in the labour dispute. The dockworkers' strike, which has been going on for two weeks, has virtually halted all exports and imports through Finland’s harbours and slowed postal deliveries.