Commodities
Trump's Iran Move Sends Oil Prices Soaring on Thursday
Oil prices rebounded on Thursday after a Wall Street Journal report said US President Donald Trump is not interested in reviving a memorandum of understanding reached with Iran in June.
The Brent crude futures finished up USD1.86, or 2.1 percent at USD89.70 a barrel, while US West Texas Intermediate crude futures settled up USD1.30, or 1.6 percent at USD83.53.
Investors scaled back expectations of a diplomatic breakthrough that could boost oil flows from the Middle East, according to UBS analyst Giovanni Staunovo.
The lack of progress in talks, combined with restricted flows, has prompted an adjustment of market views.