Oil steady as Iran tempers hopes of swift Hormuz reopening
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Article Excerpt
Oil edges higher as Iran tempers hopes of swift Hormuz reopening
REUTERS
PUBLISHED 2 HOURS AGO
UPDATED 1 MINUTE AGO
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Oil prices edged higher on Monday on optimism over talks to reopen the Strait of Hormuz, though gains were capped by Iran’s insistence that the United States must satisfy several demands before the waterway can reopen.
Brent crude futures stood were up 67 US cents, or 0.8 per cent, at US$84.22 a barrel by 6:27 a.m. ET. U.S. West Texas Intermediate…
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