Stable oil price as markets keep eye on Iran-US nuclear talks
Oil prices are supported by optimism about better US fuel demand and a weak dollar, but the prospect of a return of Iranian oil to markets is putting pressure on prices
26 May 2021 - 12:19
London — Oil was steady on Wednesday, trading in a narrow range, supported by optimism about improving US fuel demand and a weak dollar, but with the prospect of a return of Iranian oil to markets putting pressure on prices.
Brent was 14 US cents, or 0.2%, higher at $68.79 a barrel by 8.39am GMT, and US West Texas Intermediate (WTI) crude was up 1c, or less than 0.1%, at $66.08 a barrel...
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