Oil rises as doubts over US-Iran deal heighten supply concerns

Published Updated

Oil prices rose as doubts about a US-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed US crude inventories expanded, Reuters reports.

Brent futures gained 72 cents, or 0.81 per cent, to $89.63 a barrel by 0053GMT, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85pc, to $83.91.

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