Brent crude advanced for a second day after Iran and six world powers failed to agree on curbs to the Persian Gulf nation’s nuclear program, tempering projections of an end to the dispute that has cut Iranian oil exports.
Futures rose as much as 0.8 percent in London while West Texas Intermediate oil in New York slid as much as 0.5 percent. International Atomic Energy Agency chief Yukiya Amano is leading inspectors today to Tehran for negotiations. Iran’s talks with permanent members of the United Nations Security Council and Germany over the weekend in Geneva ended without a deal.
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