Oil rises on hopes of fuel demand recovery
Brent crude futures edge higher with markets upbeat on return of Iran supplies as US is expected to lift sanctions
21 May 2021 - 07:46
Singapore — Oil prices nudged up on Friday, recovering from three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal.
Brent crude futures for July rose 12c, or 0.2%, to $65.23 a barrel by 4.01am GMT, while US West Texas Intermediate for July was at $62.17 a barrel, up 23c, or 0.4%...
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