The benchmark US crude oil West Texas Intermediate traded around $65.70 in early European trading on Monday as the US-Iran talks are set to resume later this week. Traders also brace for the release of the American Petroleum Institute (API) report, which will be released later on Tuesday. News reports that the US and Iran will hold their next round of negotiations in Geneva on Thursday provides some support to the black gold. Iranian Foreign Minister Abbas Araghchi said on Sunday that there is a “good chance to have a diplomatic solution that is based on a win-win game, and
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