Now Reading:

Oil prices rise to $57 as Iran talks drag on


Oil prices rise to $57 as Iran talks drag on


Oil prices bounced back from a three month low on Wednesday due to a larger than forecast drop in US crude stocks.

Brent crude rose 50 cents at $57.35 a barrel while US crude was up 40 cents at $52.73.

But prices could come under pressure again if China’s stock market crash hits the wider economy and demand in the world’s second-largest oil consumer slows.

Also Iran and six world powers hope to reach agreement by Friday to lift sanctions and allow more Iranian oil onto world markets, which would lower prices.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article