Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

2021-05-24 08:45:04

SINGAPORE: Oil prices rose on Monday as a storm formed in the Gulf of Mexico and Iran said a three-month nuclear monitoring deal had expired, raising doubts about the future of indirect talks that could end U.S. sanctions on Iranian crude exports.

Brent crude oil futures for July rose 32 cents, or 0.5 per cent, to $66.76 a barrel by 0143 GMT, while U.S. West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or

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