[MARKET UPDATE] Crude edges higher as US and Iranian nuclear talks end for the day with no telegraphed progress; earlier reports suggested talks to last for "days"; Brent Apr futures gradually rose from around USD 67.45 to USD 67.71/bbl over five minutes
The lack of progress in US-Iran nuclear talks typically raises concerns about potential supply disruptions, which can support higher crude prices.
US-Iran talks in Oman have ended for today. Another round of talks to take place in the coming days, per source with knowledge cited by Axios' Ravid
The talks between US and Iran in Muscat may resume again, according to Alarabiya citing Iranian TV
[MARKET UPDATE] Crude edges higher as US and Iranian nuclear talks end for the day with no telegraphed progress; earlier reports suggested talks to last for "days"; Brent Apr futures gradually rose from around USD 67.45 to USD 67.71/bbl over five minutes
CALENDAR UPDATE: Fed's Bostic (Non-voter, Retiring) to speak at 14:00GMT/09:00EST on Bloomberg TV
Stellantis (STLAM IM) CFO says co. is still in negotiations with suppliers over payments related to suspended EV models
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In this case, the gradual rise in Brent futures suggests that traders are reacting to the uncertainty around these negotiations, indicating a risk premium being built into prices as they monitor long-term developments.
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