Oil prices rise as Middle East peace prospects weighed
Brent rose to $102.15 as investors weighed Middle East peace prospects. Prices recovered as officials voiced caution over a deal and U.S. inventories fell.
Brent Crude Oil rose 88 cents to $102.15 a barrel during early trade Thursday as investors weighed prospects for a Middle East peace deal. The gain follows a 7% slump the previous day that sent benchmarks to two-week lows. Prices recovered after President Donald Trump said it was too soon for face-to-face talks with Tehran.
### Skepticism Tempers Peace Negotiations A senior Iranian lawmaker characterized the American proposal as a wish list rather than a reality. Despite the friction, Axios reported that the U.S. expects an Iranian response on several key points within the next 48 hours. Trump said he believed Iran wanted an agreement.
