Oil Prices Rise Again as Middle East Uncertainty Keeps Traders Guessing

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West Texas Intermediate and Brent crude oil prices rose after renewed peace negotiations between the United States and Iran remained uncertain. The oil price analysis unit of Thai Oil Public Company Limited stated that the factors affecting prices are as follows: West Texas Intermediate and Brent crude oil prices adjusted upwards… (Read original news: Crude oil prices rise after renewed US-Iran peace negotiations remain uncertain)

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Global benchmark oil prices rose for a second day due to the lack of progress in US-Iran talks. The increase was also supported by stronger demand following the restart of the West-East Arab Oil pipeline.