Oil rises as supply disruption persists and Iran denies talks with US

NEW YORK, March 24 (Reuters) – Oil rallied on Tuesday as the world’s biggest supply disruption persisted and Iran denied it held talks with the United States to end the war in the Gulf, contradicting U.S. President Donald Trump, who said a deal could be reached soon.

Brent futures rose $4.62, or 4.62%, to $104.56 a barrel at 2:16 p.m. ET (1816 GMT) on Tuesday. U.S. West Texas Intermediate (WTI) climbed $4.44, or 5.04%, to $92.57.