Oil extends gains amid U.S.-Iran diplomacy doubts

🌐 Hellenic Shipping News (Greece) —

AI Summary

Oil prices continued to rise due to fading hopes for a diplomatic resolution to the Iran conflict. Brent crude and West Texas Intermediate futures increased amid ongoing concerns over geopolitical tensions.

Oil prices ticked higher on Thursday, extending sharp gains from the previous session, as hopes faded that diplomatic efforts will yield an imminent end to the Iran conflict. By 04:01 ET (08:01 GMT), Brent crude futures had gained 1.1% to $104.19 a barrel, while U.S. West Texas Intermediate crude futures had risen by 0.9% to ...

World Conflict Politics Markets Commodities Energy oil prices Brent crude West Texas Intermediate Iran conflict diplomacy geopolitical tensions

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