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Singapore, May 21 (QNA) – Oil prices rebounded on Thursday after two days of losses on outstanding supply concerns because of the uncertain outlook for an end to the Iran war and a US inventory draw raised worries about the depletion of global stockpiles.
Brent crude futures rose 81 cents, or 0.77%, to $105.83 a barrel, and US West Texas Intermediate (WTI) futures were up 97 cents, or 0.99%, at $99.23.
Both benchmarks dropped more than 5.6% on Wednesday after US President Donald Trump said negotiations with Iran were in the final stages, but he also threatened further attacks if it did not agree to a peace deal. (QNA)
