Oil rises as investors await US-Iran talks outcome

Oil drilling rigs

Oil prices rose slightly during trading today, Feb. 26, as amid talks scheduled for today in Geneva between the US and Iran regarding Tehran's nuclear program.

 

Brent crude was trading up 0.23% at $71.01 a barrel, at 08:50 am Makkah time. West Texas Intermediate (WTI) rose 0.20% to $65.55 a barrel.

 

The market is also awaiting the outcome of the OPEC+ meeting scheduled for March 1 to determine supply policy for April, with some delegates expecting a slight increase in production, Bloomberg reported.

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