Oil rebounds on short-covering, nuclear talks

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The story "Oil rebounds on short-covering, nuclear talks" was covered 1 days ago by Channel News Asia, a news publisher based in Singapore.

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Oil rebounds on short-covering, nuclear talks - Channel News Asia

Quick Summary:

HOUSTON :Oil prices rebounded on Friday as U.S.buyers were filling inventories ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between American and Iranian negotiators.

Brent crude futures rose 54 cents, or 0.84 per cent, to $64.98 a barrel by 1600 GMT.U.S.

West Texas Intermediate crude futures were up 39 cents, or 0.64 per cent, at $61.59.