Oil prices rise as concern on Iranian oil exports ease; Goldman Sachs sees Brent Crude at $80 per barrel ahead
Joe Biden administration and Iran have entered into indirect talks for reviving the pact for Tehran to restraint its nuclear activities in return for elimination in sanctions.
May 25, 2021 9:20 IST
|
India Infoline News Service
Crude oil prices spiked as demand push expectations with a slowdown in Covid and progress in vaccination drive boosted sentiments. Traders also found optimism in crude with much anticipation of the lifting of US sanctions and resumption of Iranian Oil in the market if the Western talks with Tehran turn fruitful.