Oil Steadies Near $74 as US Grants 60-Day Waiver for Some Iranian Sales
Updated
Updated · Bloomberg · Jun 22
Oil Steadies Near $74 as US Grants 60-Day Waiver for Some Iranian Sales
3 articles · Updated · Bloomberg · Jun 22
Summary
WTI traded near $74 a barrel and Brent closed just below $78 as crude steadied after a 2.6% drop in the previous session.
A 60-day US license allowing some Iranian oil and petroleum-product sales helped calm supply fears, with Washington citing “productive talks” in Switzerland.
Those early signs of progress in peace talks over the Iran war gave Tehran a crucial economic lifeline and eased immediate pressure on global oil markets.