Press TV reports that international leaders are concerned that nuclear talks with Iran may fail. Talks will continue but Iran said world powers have created ” a difficult atmosphere.”
It’s growing clear there won’t be a quick resolution and WTI crude is up $1.22 to $91.11.
Recent lower oil prices is one of the few positive factors for global growth in the past month. A breakdown in talks would burn risk assets.
Yesterday’s high of $91.54 has capped rallies so far.