By Nicole Jao NEW YORK, Feb 4 (Reuters) – Oil prices climbed about 3% on Wednesday on a report that the U.S. would not agree to change the location and format of talks with Iran planned for Friday. Brent futures rose $2, or 3.0%, to $69.33 a barrel at 12:36 p.m. EST (1736 GMT), while […]
Business
Oil prices climb 3% on report US officials reject Iran’s request to change location of talks
Audio By Carbonatix
By Nicole Jao
NEW YORK, Feb 4 (Reuters) – Oil prices climbed about 3% on Wednesday on a report that the U.S. would not agree to change the location and format of talks with Iran planned for Friday.
Brent futures rose $2, or 3.0%, to $69.33 a barrel at 12:36 p.m. EST (1736 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.97, or 3.1%, to $65.18.
U.S. officials have decided to reject Iran’s request to change the location of talks planned for Friday, Axios reported on Wednesday, citing two U.S. officials.
(Reporting by Nicole Jao in New York; Additional reporting by Scott DiSavino and Shariq Khan in New York, Shadia Nasralla in London, Yuka Obayashi in Tokyo and Jeslyn Lerh in Singapore;Editing by David Holmes and Matthew Lewis)