Oil Rebounds 0.9% as Traders Watch U.S.-Iran Diplomacy
Brent is up 0.9% to $116.85 a barrel, while WTI futures also rise 0.9% in early European trading.
Oil prices rebound in early European trading after falling earlier in the session, as traders focus on diplomatic efforts to avert further escalation between the U.S. and Iran. The December Brent crude contract, which expires on Friday, is up 0.9% to $116.85 a barrel, while WTI futures rise 0.9% to…