[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
Newsquawk Staff ·
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.
What it means
The lack of progress in US-Iran nuclear talks typically raises concerns about potential supply disruptions, which can support higher crude prices. 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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