Ammon News - Oil prices edged ​up on Thursday, paring some previous losses as investors monitored peace talks between the U.S. ‌and Iran, while supply tightness and U.S. inventory drawdowns provided some support.

Brent crude futures rose 78 cents, or 0.74%, to $105.80 a barrel by 0341 GMT, and U.S. West Texas Intermediate futures were up 84 cents, or 0.85%, at $99.10.

Both benchmarks dropped more than 5.6% on ​Wednesday to an over one-week low after U.S. President Donald Trump said
negotiations with Iran were in the final ​stages, but also threatened further attacks if Tehran did not agree to a peace ⁠deal.


Reuters