Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran.
Brent crude was up by 43 cents, or 0.6 per cent, at $73.29 a barrel by 0704 IST, having risen 0.2 per cent on Monday. US oil gained 41 cents, or 0.6 per cent, to $71.29 a barrel, having slipped 3 cents in the previous session.
Indirect discussions between the United States and Iran, along with other parties to the 2015 deal on Tehran’s nuclear programme, resumed on Saturday in Vienna and were described as “intense” by the European Union.
