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Oil Prices Rebound After Trump Says U.S. Doesn’t Need Iran Deal

Editorial Disclosure: This article is curated from reporting by the original publisher credited below. It was selected and published automatically under the Pune.Media Editorial Policy and is not original Pune.Media reporting.

Original Coverage & Source Attribution: www.wsj.com

Oil prices rebounded from initial losses and closed higher Thursday after President Trump said the U.S. doesn’t need a deal with Iran, putting some risk premium back into a market that has been optimistic about chances for a negotiated solution to the conflict.

Brent crude for January delivery rose 3.3% to $95.82 a barrel, and West Texas Intermediate for December gained 2.6% to $88.74 a barrel.

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