Brent oil rises 0.21%, to $70.84
The price of a barrel of Brent crude for delivery in April closed this Thursday at $70.84 on the London futures market, 0.21% higher than at the close of the previous session. The North Sea crude, a benchmark in Europe, gained $0.15 compared to the last negotiation on the Intercontinental [...]
TL;DR
- Brent crude for April delivery closed at $70.84 in London, up 0.21%.
- The price increase is linked to uncertainty in US-Iran nuclear negotiations.
- A weaker dollar also contributed to the rise in crude prices.
- Potential failure in nuclear talks could increase tensions in the Persian Gulf.
- This could affect oil flow from a key global market region.