Reported 3 days ago
Oil prices increased in early Asian trading due to supply worries, as Iran is set to reject a U.S. nuclear deal that could ease sanctions, and wildfires in Canada have disrupted oil production. Brent crude rose to $65.18 per barrel, while U.S. West Texas Intermediate climbed to $63.11. The ongoing geopolitical tensions, particularly between Russia and Ukraine, also contribute to concerns over oil supply, which were heightened by the Canadian wildfires affecting approximately 344,000 bpd of production.
Source: YAHOO