Oil climbs on strong demand from drivers and pause in Iran nuclear talks
Strong rebound in the northern hemisphere causes fears about further sharp inventory drawdowns, analyst says
21 June 2021 - 08:05
Singapore — Oil prices rose on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the Opec producer.
Brent crude for August gained 35c, or 0.5%, to $73.86 a barrel by 5.44am. US West Texas Intermediate (WTI) crude for July was at $72.05 a barrel, up 41c, or 0.6%...
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