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Oil Prices Rise as Iran Talks Stalled

Oil prices rise as US-Iran talks show little progress. Brent at $104.96, WTI at $98.08. Supply concerns persist.

Isabella Martinez
ByIsabella Martinez- Senior Editor
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0
Oil Prices Rise as Iran Talks Stalled
Photo: Prepared by Bond.az

Bond.az - Oil prices climbed on Friday as investors doubted a breakthrough in US-Iran peace talks.

A senior Iranian source said no deal has been reached but gaps have narrowed, while US Secretary of State Marco Rubio noted 'some good signs.'

Brent crude rose $2.38 to $104.96 a barrel, and WTI gained $1.73 to $98.08.

Analyst Satoru Yoshida expects WTI to trade in a $90-$110 range next week due to Middle East instability.

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