Oil Edges Higher as US-Iran Ceasefire Talks End Without Progress
Summary
- International oil prices edged higher after working-level ceasefire talks between the US and Iran ended without progress.
- Brent crude futures in London closed at $71.80 a barrel, up 0.3% from the previous session.
- WTI futures in New York settled at $68.69 a barrel, up 0.2% from the previous session.
Forecast Trend Report by Period
Benchmark Brent Gains 0.3%
Oil prices ended slightly higher on July 2 after working-level ceasefire talks between the US and Iran concluded without meaningful progress.
Brent crude for September settlement rose 0.3% to close at $71.80 a barrel on ICE Futures Europe in London.
West Texas Intermediate crude for August delivery gained 0.2% to settle at $68.69 a barrel on the New York Mercantile Exchange.
US and Iranian working-level negotiators, along with mediators, met in Doha, Qatar, the previous day to discuss ceasefire measures, but the talks ended without a tangible outcome.
The two sides agreed to hold another round of working-level ceasefire talks as soon as possible after a six-day funeral period for Iran's former supreme leader from July 4 to July 9.
Lee Su, Hankyung.com reporter, 2su@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.