US crude oil futures rise over $1 in early Asia trade

U.S. crude futures rose more than $1 in early Asian trade as markets reassessed the supply outlook after Iran denied holding talks with the U.S., contradicting President Trump's earlier claim. The denial increased geopolitical uncertainty around oil supply, underpinning a short-term uptick in futures prices.

Analysis

U.S. crude futures rose more than $1 in early Asian trade as markets reassessed the supply outlook after Iran denied holding talks with the U.S., contradicting President Trump's earlier claim. The denial increased geopolitical uncertainty around oil supply, underpinning a short-term uptick in futures prices.