Oil prices regain some losses amid potential Iran hitch; GS bullish
SINGAPORE (Reuters) -Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact even with increased Iran exports.
Brent crude oil futures for July rose 72 cents, or 1.1%, to $67.16 a barrel by 0651 GMT, while U.S. West Texas Intermediate for July was at $64.25 a barrel, up 67 cents, or 1.1%.
Oil prices fell almost 3% last week after Iran’s president, Hassan Rouhani, said the United States was ready to lift sanctions on his country’s oil, banking and shipping sectors.
