![Oil Gains 2% As Iran Deal Fades, Market Eyes Tight Supply](https://cdn.newsserve.net/ONPglobe256.png)
Oil Gains 2% As Iran Deal Fades, Market Eyes Tight Supply
Oil prices pared some losses on Monday, with Brent gaining nearly 2% as a nuclear deal with Iran seemed to fade further away and markets refocused on Europe’s coming ban on Russian oil and tight supply fears. At 11:50 a.m. EST on Monday, Brent crude was trading up $1.90, at $94.74 per barrel, for a 2.05% gain on the day. WTI was trading up $1.69, at $88.48 per barrel, for a 1.95% gain on the day. Iranian nuclear talks appear to be contributing heavily to the rally, with European diplomats expressing “serious doubt”…
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