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 the resumption of supplies from the Opec producer.
Brent crude for August gained 23 cents, or 0.3%, to $73.74 a barrel by 0622 GMT. US West Texas Intermediate (WTI) crude for July was at $71.94 a barrel, up 30 cents, or 0.4 per cent.
Both benchmarks have risen for the past four weeks amid optimism over the pace of global vaccinations and a pick up in summer travel. The rebound has pushed up spot premiums for crude in Asia and Europe to multi-month highs.
SINGAPORE
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