Oil wavers with talks resuming on potentially reviving Iran deal
Andres Guerra Luz and Alex Longley, Bloomberg News
Storage tanks located near a dock for Hornbeck Offshore Services, Inc. oil industry support vessels in Port Fourchon, Louisiana, U.S., on Thursday, June 11, 2020. Oil eclipsed $40 a barrel in New York on Friday, extending a slow but relentless rise thatâs been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg
, Bloomberg
Oil switched between small gains and losses as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand.