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Oil prices steady near week high as prospect of Iran supply glut wanes

Brent crude futures were down 6 cents at $68.40 a barrel by 0039 GMT, having jumped 3% on Monday. US West Texas Intermediate futures fell 8 cents to $65.97 a barrel

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Oil Prices | Brent crude | oil export

Reuters  |  TOKYO 

By Aaron Sheldrick TOKYO (Reuters) - Oil prices were steady on Tuesday, holding around one-week highs after jumping more than 3% the previous session as prospects of an early return of oil exporter Iran to international crude markets lessoned. Brent crude futures were down 6 cents at $68.40 a barrel by 0039 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures fell 8 cents to $65.97 a barrel, after gaining 3.9% the previous session. Indirect negotiations between the United States and Iran are due to resume in Vienna this week. Talks were given another life after ...

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First Published: Tue, May 25 2021. 07:51 IST
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