Brent crude
advanced for a second day after Iran
and six world powers ended a meeting in Geneva
without coming to an agreement on the Persian Gulf
nation’s nuclear program, tempering projections of a resolution to the dispute
that has cut Iranian oil exports.
Futures
rose as much as 1.2 percent in London while West
Texas Intermediate oil in New York
gained 0.8 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.
Brent for
December settlement climbed $1.05, or 1 percent, to $106.17 a barrel on the
London-based ICE Futures Europe exchange at 10:54 a.m. in New York. The volume of all futures traded
was 19 percent more than the 100-day average. The contract touched $102.98 on
Nov. 8, the least since July 2.
WTI for
December delivery rose 60 cents, or 0.6 percent, to $95.20 a barrel on the New
York Mercantile Exchange. Volume was 37 percent lower than the 100-day average.
Futures slipped to $93.07 on Nov. 5, the lowest intraday price since June 24.
