Oil rises as tensions around Iran’s nuclear programme simmer
LONDON: Oil prices rose on Monday, boosted by escalating tensions around Iran’s nuclear programme and better-than-expected US jobs data.
Brent crude futures were up 34 cents by 0908 GMT at $64.57. US West Texas Intermediate (WTI) was up 18 cents at $57.69 a barrel.
“The weekend was dominated by Iran, with the announcement that uranium enrichment had breached JCPOA limits being greeted by a chorus of warnings from European states not to push enrichment too far,” Vienna-based consultancy JBC Energy said.
