Oil hardly changed as focus is on return of Iranian supply
Iranian government spokesperson says he is optimistic about Tehran reaching an agreement with world powers to revive a 2015 nuclear deal
26 May 2021 - 07:34
Tokyo — Oil prices were steady on Wednesday as the concern a possible resumption in Iranian supply would cause a glut were offset by the hope for stronger US fuel demand after a drop in weekly inventory estimates by the American Petroleum Institute (API).
Brent crude oil futures for July gained 5c, or 0.1%, to $68.70 a barrel by 1.02am GMT, while US West Texas Intermediate (WTI) crude for July was at $66.05 a barrel, down 2c...
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