News Snapshot:
Oil Hits $71 On Rising Demand Hopes In US, China Oil prices were higher on Wednesday as negotiations over the Joint Comprehensive Plan of Action continued to falter, and as a rebound in oil demand in China, the United States and Europe threatened to outpace planned increases in supply. The international crude oil benchmark, Brent, rose by $1.09 to trade at $71.34 per barrel as of 7:00 pm Nigerian time, while the US West Texas Intermediate gained $1.11 to trade at $68.38 per barrel. S&P Global Platts reported that any resolution on the JCPOA remained far from certain as the...