Oil Rises Despite Saudi Pipeline Repair as U.S.-Iran Talks Stall — Market Talk

Oil prices rise as a lack of progress in U.S.-Iran talks outweighs signs of recovery in Gulf exports. In early European trading, Brent crude futures for November rise 1.7% to $107.05 a barrel, while the December contract is up 1.7% to $99.49 a barrel. The U.S. oil gauge WTI gains 1.5% to $94.01 a b…