Oil prices rise for seventh day as US-Iran diplomacy stalls
Oil prices continued their steady rise on Tuesday, extending gains for a seventh straight session as diplomatic efforts to halt the conflict between the United States and Iran remained at a standstill.
Brent crude futures for June delivery rose 45 cents, or 0.4%, to $108.68 a barrel by midnight London time after surging 2.8% in the previous session.
US West Texas Intermediate crude for June delivery climbed 58 cents, or 0.6%, to $96.96 a barrel, building on a 2.1% gain in the prior trading day.
