Oil Rises Amid Conflicting Reports on US-Iran Nuclear Talks

Oil edged higher as traders parsed conflicting reports on the status of nuclear talks between the US and Iran, clouding the outlook on whether Washington will proceed with military strikes against the major oil producer.

West Texas Intermediate rose 3.1% to settle above $65 a barrel. Prices pared gains in post-settlement trading as Iranian Foreign Minister Abbas Araghchi confirmed in a social media post that the negotiations will be held in Oman on Friday.