The price of Brent crude has moved back above $100 a barrel, after plunging on Monday.
On Tuesday morning in Asia, the oil benchmark was up by 3.75% at $103.69 (£77.42), while Nymex Light Sweet was 3.42% higher at $91.55.
The price of Brent fell by more than 10% on Monday after US President Donald Trump delayed fresh strikes on Iran that were seen as an escalation of the conflict and said a peace deal could be reached soon.
But now investors are weighing that against Tehran’s denials that it had held talks with the US.
Source:adaderana.lk
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