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Oil little changed as investors weigh Iran talks, demand bump 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 that’s been fueled by a pick-up in demand and could signal a reawakening for U.S. shale production. Photographer: Luke Sharrett/Bloomberg , Bloomberg Oil inched up with the prospec...

Oil inched up with the prospect of a continued recovery in demand. (Bloomberg) --Oil inched up with the prospect of a continued recovery in demand offsetting some concerns around higher Iranian supplies if sanctions on the country’s exports are loosened. West Texas Intermediate closed higher after switching between gains and losses in about a $1-a-barrel trading range on Tuesday. Expectations for a pick-up in demand as the U.S. summer driving season begins this month as well as signs of improving mobility in Europe are keeping prices supported. Meanwhile, talks between Iran and other nation...

Oil Dips On Iran Fears But Brent Breaks $70 On Demand Recovery by Ship & Bunker News Team Tuesday May 18, 2021 Analysts doubt that relations with Iran will be repaired anytime soon: File Image/Pixabay A demand concern lurking in the shadows for crude traders these past few weeks assumed fuller status on Tuesday when Mikhail Ulyanov, ambassador for Russia to the United Nations, said significant progress had been made on reviving the nuclear deal between the U.S. and Iran - and as a result, oil prices dipped. Traders, worried that such a deal would cause Iran to add to global supply by b...

by Bloomberg |Tuesday, May 18, 2021 Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal. (Bloomberg) -- Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Futures in London fell 1.1% on Tuesday after a Russian envoy in Vienna said significant progress has been made in efforts to broker an agreement between Iran and the U.S, the BBC Persian news channel reported. However, the same diplomat, Mikhail Ulyanov, subse...

Oil slips amid prospects of progress on Iran nuclear deal talks Alex Longley and Andres Guerra Luz, Bloomberg News McCreath: WTI oil will pass US$70/BBL VIDEO SIGN OUT Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Futures in London fell 1.1 per cent on Tuesday after a Russian envoy in Vienna said significant progress has been made in efforts to broker an agreement between Iran and the U.S, the BBC Persian news channel reported. However, the same diplomat, Mikhail Ulya...