WTI Crude Rises as Brent Premium Narrows to 9-Month Low
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West Texas Intermediate crude rose amid clashes in Nigeria after talks between Iran and world powers ended without agreement. Brent oil’s premium to New York futures narrowed to the smallest level since June.
Prices gained 0.7 percent after tumbling 4.7 percent in the five days ended April 5, the biggest one-week decline since September. The main rebel group in Nigeria, Africa’s largest crude-producing country, said it killed 15 security guards in an attack in the oil-producing Bayelsa state. Iran and six world powers didn’t reach an interim deal over the country’s nuclear work, which may bolster calls for more sanctions on the nation.