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Oil climbs as US-Iran tensions keep supply risks in focus

By Yuka Obayashi TOKYO, Feb 26 (Reuters) - Oil prices climbed on Thursday, hovering near seven-month highs, as investors gauged whether U.S.-Iran talks could avert a military conflict that risks supply disruptions, though gains were capped by a build in U.S. crude inventories. Brent futures... Read More.

US says it will allow resale of Venezuelan oil to Cuba

By Marianna Parraga and Bhargav Acharya WASHINGTON, Feb 25 (Reuters) - The U.S. Treasury Department said on Wednesday it would authorize companies seeking licenses to resell Venezuelan oil to Cuba, according to guidance posted on the department's website, a move that could help ease the... Read More.

Oil hovers near seven-month highs ahead of US-Iran talks

By Katya Golubkova and Jeslyn Lerh SINGAPORE, Feb 25 (Reuters) - Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the U.S. and Iran that could disrupt supply continued to worry investors as talks between the parties are... Read More.