WTI rises to $105.50s as supply concerns prevail By ross_burland Oil WTI Commodities
A pause in Vienna on talks to revive the Iran nuclear deal is impacting also. was higher on Monday and extended the gains on Tuesday in Asia. The persisting supply concerns as Russian energy sanctions are very much on the table following the Russian forces' civilian killings in north Ukraine is keeping the bulls in play.
Additionally, a pause in Vienna on talks to revive the Iran nuclear deal, which could put more Iranian barrels into the market is being priced in. Iran blamed the United States for halting the talks. The news helped oil futures higher on Tuesday with Brent crude futures up $1.58, or 1.5%, to $109.11 a barrel, while US West Texas Intermediate futures were up $1.61, or 1.6%, to $104.89 a barrel at 0028 GMT.
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