Oil Prices Edge Higher as Iran Deal Doubts Resurface

Oil prices edged higher in early Asian trade on Thursday, rebounding from the previous session’s steep selloff, as investors reassessed the chances of a near-term U. S. -Iran peace agreement and weighed continuing disruptions to Middle East energy flows. Brent crude futures rose 0. 66%, to $101.

94 a barrel in early trade, while U. S. West Texas Intermediate crude gained 0. 74% to trade at $95. 78 a barrel.