Oil Prices Rise 1.3% to $95.85, Remain Below $100
Brent crude rose after the previous session’s sharp selloff as traders assessed U.S.-Iran relations and the outlook for recovering Middle East oil supplies.
By Farhan RafidOil prices rose Thursday but remained below $100 a barrel following a sharp selloff in the previous session as traders assessed the outlook for U.S.-Iran relations and recovering oil supplies from the Middle East.Front-month Brent crude, the global oil benchmark, rose 1.3% to $95.85…