Oil prices rise more than $1 a barrel
Even with a potential restart of Iran exports, the case for higher oil prices remains intact due to a vaccine-driven increase in global demand, some analysts say
24 May 2021 - 12:04
London — Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remained intact even with increased Iran exports.
Brent crude oil futures for July rose $1.25, or 1.9%, to $67.69 a barrel by 9.50am GMT, while US West Texas Intermediate for July was at $64.73 a barrel, up $1.15, or 1.8%...
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