Oil Soars as US-Iran Talks Fail to Ease Gulf Tensions

Oil moved up Thursday despite reports that American and Iranian negotiators in New York are discussing a phased deal to end the standoff in the Persian Gulf. Brent crude gained 3.4 per cent to close at $106.60 a barrel, while the US West Texas Intermediate futures climbed 2.7 per cent to settle at $94.61 per […]

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