Oil rises on stalled US-Iran talks despite supply recovery
Oil prices rose with Brent up around 1% to $103.71/bbl and WTI up 2.2% to $91.98/bbl as stalled US-Iran peace negotiations and tightening US fuel markets outweighed signs of recovering Middle East exports; EIA data showed US crude inventories rose 922k barrels while gasoline and distillate stocks fell sharply.
Original · Reuters AI summary of public reporting
Why: Stalled US-Iran talks + tightening fuel markets → oil rises
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At publication → CurrentBRENTOIL— → 102.21—
CL— → 91.19—
NATGAS— → 3.403—