Oil prices steady as better risk appetite offsets Iran worries
Concerns about demand because of the Covid-19 pandemic are giving way to optimism owing to the rapid return of consumers, one analyst says
28 May 2021 - 11:20
London — Oil prices were little changed on Friday, with Brent holding near $70 a barrel as firm US economic data and expectations of a strong rebound in global demand offset concerns about more supply from Iran once sanctions are lifted.
Brent crude was down 16 US cents, 0.2%, to $69.30 a barrel by 8.09am GMT, while US West Texas Intermediate crude was up 3c, or less than 0.1%, at $66.88 a barrel...
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