Crude prices up on waning prospect of Iranian oil

The prospect of Iranian crude entering markets diminishes during prolonged nuclear negotiations with the US, sending oil prices upward.

Photo: Jacob Ehrbahn

Oil prices surge Tuesday morning CET as the prospect of Iranian crude entering markets disappears upon prolonged negotiations with the US regarding a nuclear deal.

A barrel of European reference oil Brent costs USD 73.07 against USD 72.79 Monday night and USD 73.36 Monday afternoon.

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