Oil Rises Amid Ambiguity Over Iran Deal and Declining Inventories

Oil prices rebounded on Thursday after two days of declines, driven by persistent supply concerns amid uncertain prospects for ending the war on Iran, and fueled by anxieties over depleting global stockpiles following a drop in US inventories.اضافة اعلان

Brent crude futures rose 81 cents, or 0.77%, to reach $105.83 a barrel by 00:55 GMT, while US West Texas Intermediate (WTI) crude futures climbed 97 cents, or 0.99%, to stand at $99.23.

Both benchmarks had plunged more than 5.6% on Wednesday after US President Donald Trump stated that negotiations with Iran have entered their final stages, while simultaneously vowing to launch further attacks if Iran does not agree to a peace deal.

Reuters