Oil prices rise on stalled US-Iran talks and restrained fuel markets
Brent recorded a monthly gain of around 14 per cent, its biggest since July Data released by the US Energy Information Administration showed that both petrol and distillate fuel oil inventories fell last week.
Its stockpiles have dropped as countries around the world call on the US to fill the gap in supply of oil and other petroleum products, impacted by the war in Ukraine and Iran.
International oil prices have risen again to over $100 a barrel amid concerns over the stalled US-Iran peace talks and tightening fuel markets in the United States.
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