Crude oil prices continue to rise, brent above $121/bbl amid ongoing US-Iran talks uncertainty
Oil prices continued to rise on Thursday amid concerns that supply from the crucial Middle East producing region could remain constrained for longer, as negotiations to end the US-Israel conflict with Iran have stalled.
Brent crude futures for June climbed to $122 a barrel, following a 6.1% jump in the previous session. The June contract, which marked its ninth straight day of gains, expires on Thursday, while the more actively traded July contract rose 94 cents, or 0.85%, to $111.38 after advancing 5.8% in the prior session.
