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6/29, 3:03 PM (Source: TeleTrader)
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Oil prices increase after US-Iran talks

The prices of oil futures rose on Wednesday after the indirect talks between Iran and the United States gave no conclusive results in relation to the revival of the Iran nuclear deal.

Due to no breakthroughs being reached in the latest round of negotiations, investors are seemingly showing concerns over the tightening supply of the crude.

West Texas Intermediate (WTI) for deliveries in August gained 1.92% at 8:52 am ET to sell for $113.87 per barrel. A minute later, Brent for the same month's settlements advanced 1.72% to go for $120.00 per barrel.

Baha Breaking News (BBN) / AY