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Oil revived on Friday as Iran deals put on hold

Oil revived on Friday as Iran deals put on hold



International benchmarks for crude oil settled higher on Friday, 11 March 2022 as world power put Iran talks on hold, crashing hope for more supply in the market. Meanwhile, traders started to assess the actual supply condition. 

Brent gained $3.34 or 3.1% to close at $112.67/barrel. 

WTI jumped $3.31 or 3.1% to close at $109.33/barrel.