Friday, March 29, 2024 | Ramadan 18, 1445 H
clear sky
weather
OMAN
25°C / 25°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Oil prices climb on summer demand, Iran talks

15 Oil prices climb
15 Oil prices climb
minus
plus

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


SHARE ARTICLE
arrow up
home icon