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2021-06-21

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Oil edges up as Iran nuclear talks drag on

* Iran elects hardline judge Raisi as president * Iran nuclear talks paused after election SINGAPORE

Oil edges up as Iran nuclear talks drag on

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The rebound has already pushed up spot premiums for crude in Asia and Europe to multi-month highs.</p>\n<p>\"The rebound in demand in the northern hemisphere summer is so strong that the market is becoming increasingly concerned about further sharp drawdowns on inventories,\" ANZ analysts said in a note.</p>\n<p>Negotiations to revive the Iran nuclear deal took a pause on Sunday after hardline judge Ebrahim Raisi won Iran's presidential election amid a low turnout on Saturday. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> diplomats said they expected a break of around 10 days.</p>\n<p>ANZ said the election could delay the nuclear deal.</p>\n<p>\"The possibility of Iranian oil hitting the market in the short term looks unlikely,\" the bank said, adding that Iran is insisting that U.S. sanctions placed on Raisi be removed before an agreement is reached.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","USO":"美国原油ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DWT":"三倍做空原油ETN"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145707639","content_text":"* Iran elects hardline judge Raisi as president\n* Iran nuclear talks paused after election\nSINGAPORE, June 21 (Reuters) - Oil prices nudged up on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies from the OPEC producer.\nBrent crude futures for August gained 30 cents, or 0.4%, to $73.81 a barrel by 0051 GMT, while U.S. West Texas Intermediate $(WTI)$ crude for July was at $71.96 a barrel, up 32 cents, or 0.5%.\nBoth benchmarks have gained for the past four weeks amid optimism over the pace of global vaccinations and a pick up in summer travel. The rebound has already pushed up spot premiums for crude in Asia and Europe to multi-month highs.\n\"The rebound in demand in the northern hemisphere summer is so strong that the market is becoming increasingly concerned about further sharp drawdowns on inventories,\" ANZ analysts said in a note.\nNegotiations to revive the Iran nuclear deal took a pause on Sunday after hardline judge Ebrahim Raisi won Iran's presidential election amid a low turnout on Saturday. Two diplomats said they expected a break of around 10 days.\nANZ said the election could delay the nuclear deal.\n\"The possibility of Iranian oil hitting the market in the short term looks unlikely,\" the bank said, adding that Iran is insisting that U.S. sanctions placed on Raisi be removed before an agreement is reached.","news_type":1,"symbols_score_info":{"DDG":0.9,"DUG":0.9,"DWT":0.9,"BZmain":0.9,"QMmain":0.9,"SCO":0.9,"UCO":0.9,"USO":0.9}},"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}