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Oil prices steady near week high as prospect of Iran supply glut wanes


By Aaron Sheldrick
TOKYO (Reuters) - Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects of an early return of oil exporter Iran to international crude markets lessoned.
Brent crude futures were down 6 cents at $68.40 a barrel by 0039 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures fell 8 cents to $65.97 a barrel, after gaining 3.9% the previous session.
Indirect negotiations between the United States and Iran are due to resume in Vienna this week. Talks were given another life after Tehran and the U.N. nuclear agency extended a monitoring agreement on the Middle Eastern country s atomic programme. ....

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Oil prices steady after one-week high on prospects of supply from Iran; Brent crude at $68.40 per barrel


Story
Oil prices steady after one-week high on prospects of supply from Iran; Brent crude at $68.40 per barrel
Brent crude futures were down 6 cents at $68.40 a barrel by 0039 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures fell 8 cents to $65.97 a barrel, after gaining 3.9% the previous session
Reuters | May 25, 2021 | Updated 09:25 IST
Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects of an early return of oil exporter Iran to international crude markets lessoned.
Brent crude futures were down 6 cents at $68.40 a barrel by 0039 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures fell 8 cents to $65.97 a barrel, after gaining 3.9% the previous session. ....

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Oil nudges up, set for biggest weekly loss since March on Iran supplies


By Florence Tan
SINGAPORE (Reuters) - Oil prices edged up on Friday, taking a breather after three days of losses as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress on talks to revive a 2015 nuclear deal.
Brent crude futures for July rose 10 cents, or 0.2%, to $65.21 a barrel by 0032 GMT while U.S. West Texas Intermediate for July was at $62.16 a barrel, up 22 cents, or 0.4%.
Both contracts are down nearly 5% for the week and on track to post their biggest weekly loss since March after Iran s president said the United States was ready to lift sanctions on his country s oil, banking and shipping sectors. ....

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