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Oil: Brent and WTI losing ground

26/05/2021
Categories: Index/Markets

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Oil rebound in recent days falters amid possible return of Iranian crude...As Iran's exports come into question, oil stalls.As Iran nuclear talks could increase supply in the medium term, Brent and WTI are losing ground. Brent fell 0.5% to $68.13 and WTI fell 0.7% to $65.60. The International Atomic Energy Agency (AEIA) announced on Monday that it has extended its technical agreement with Iran on the monitoring of the nuclear program, an extension which offers a reprieve to the major powers currently negotiating in Vienna.

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